Hell I think most of us would love to see a remake of EQ1 with new graphics - stylized after the original graphics (ie. a bit cartoony as to have personality yet good performance) and 50/50 split on old vs new in terms of features.
Make that sucker F2P - a model proven to be highly successful with MMOs and in some cases done very well - and you don't even have to compete with WoW anymore, you're just raking in cash in your own little segment of the market.
Nostalgia has been a *proven* winner in our generation.
If anyone wants an example of the kind of remake I'm talking about - look at the new XCOM:Enemy Unknown game. Fantastic job of blending old concepts with the modern age and having a fantastic game that captures the essence of the original.
This never turns out as fun as it sounds. It will all boil down to "oh, the dwarves won this zone today? dammit, I needed to kill the orcs" and it gets old pretty quickly.