For sure, I recent play through of Wizardry 8 got me thinking on these issues. An amazing game with dated 3D visuals (incredible sound effects) but just incredible gameplay. Very smooth, brilliant UI, the gameplay system I believe is so well done in my opinion that even the incredibly slow and difficult enemy battles and grind still makes it fun...which is quite a feat. In my book the party creation system is one of the best ever created. That game SCREAMS for a remake/enhanced edition.
I'd be afraid of letting some dev "upgrade" wizardry 8. Its good enough as is to run on modern computers without help.