Video Game Idea

I was thinking of this one while playing SmackDown vs Raw last night (now that I've unlocked a lot of the stuff, I'm getting a bit more comfortable with the game and its capabilities). WWE has the chance to sabotage the entire Legends of Wrestling game series in-house, and come up with a game that could have a great cult following. They apparently are able to use most of their old names in toys, DVD's and even some of their games. So here's what I'm thinking:

WWE Saturday Night's Main Event

The idea being stars from the 80's - 90's era where the company had some of its first mainstream success.

Roster (I just picked 32 wrestlers; unsure if that's how many are on the current game)

Hulk Hogan
Ultimate Warrior
Macho Man Randy Savage (although... that one may be tricky)
Andre the Giant
Ravishing Rick Rude
Junkyard Dog
King Kong Bundy
Big John Studd
Mr. Wonderful Paul Orndorff
Superfly Jimmy Snuka
Rowdy Roddy Piper
Cowboy Bob Orton
The Honky Tonk Man
Jake The Snake Roberts
Ricky The Dragon Steamboat
Big Boss Man
Brutus The Barber Beefcake
Magnificent Muraco
Million Dollar Man Ted DiBiase
Iron Sheik
Nikolai Volkoff
Hillbilly Jim
Koko B. Ware
George The Animal Steele
The Hart Foundation (Bret Hitman Hart and Jim The Anvil Neidhart)
The Rockers (Shawn Michaels and Marty Jannetty)
The British Bulldogs (Davey Boy Smith and Dynamite Kid)
Demolition (Smash and Crush - for legal reasons)

Current Wrestlers (instead of the six legends they have on each game now)

Triple H
The Undertaker
Randy Orton
John Cena
Chris Benoit
Eddie Guerrero

Arenas

Saturday Night's Main Event
Superstars of Wrestling
Prime Time Wrestling
WrestleMania (Three, ideally)
SummerSlam
Survivor Series
Royal Rumble

Commentators

Vince McMahon
Jesse Ventura (if he's available to do some voiceover work)
Mean Gene Okerlund (for backstage interviews)

I'm not sure if they could get away with using the block WWF logo, but even if they use the block-style WWE one that John Cena has on his shirts, who cares? The storylines and matches could remain somewhat similar (although the old big blue style steel cage would be sweet).

Any thoughts?