What???
As no one here owns the rights of intelectual property, nobody can say anything about creating new models, or adapt old ones to new standards, i'm 30 years old, layer, and i own an original copy of every wing commander game that was released, buyed by the time of release.
If i want to change something for my own pleasure, creating new models and releasing a FREE game, it's my bussines, and as i own a game developing company, there is no big deal, even if i like, and as soon as i have enough capital, i'm planning to buy the franchise.
You don't like it?, too bad, you like it, good, after all, i'm prepared to get to court if it is necessary..., after all, the one who owns the rights, can close al the "fan projects" for violation of intelectual property, so back off....