As many others will say, it's not just about which champion needs a rework the most. It's also about how clear a direction the rework teams have, regarding any single champion.
None argues that champs like morde (or nunu for that matter) are in dire need of a VGU, for an awful lot of reasons. Problem is, with Morde in particular RIto has so far struggled to find a solid concept for him.
Considering how good the reworks are so far, I'd say that it says a lot about Mordekaiser's situation.
I mean, champs like warwick, irelia, swain, galio, weren't really standing out in terms of identity. Still, the teams managed to find key elements these champs already had, and improved upon them to develop solid reworks.
WIth Mordekaiser apparently it's far more difficult, as the teams can't really decide what to keep about him and what to take away.
At least that's what many Rioters already said in the last couple years.