Would it even feel the same?

I mean, I wasn't there (obviously) but from what I understand it was something you really had to be there to experience at the time. I doubt a reworked classic server would have the same feel.
Not to mention that one of the most 'famous' elements of 1.0 was the way it was brought to a close, which is something that isn't really possible to recreate - at least, not in terms of the emotion and impact that demonstrably (as per various YouTube videos) came with that event.