Yes, reconstructing WC1&2 is no small feat, indeed. Perhaps Chris Roberts should go back and rebuild Wing Commander in the vein of adding longevity to the series, as Capcom is doing with Resident Evil.
Bit-by-bit, mission-by-mission, go back and rebuild everything using current technology. I think that'd be awesome!
Also, with the power of the recent next-gen systems, ports shouldn't be as crappy as they had been. Albeit lack of keyboard will always be a problem (unless, like the PS2, the system can support USB keyboards & mice).