Mchiao,
You're right, you own the old Hussars. I own the old Hussars. Aside from being enticed by the newest toys (a strategy I might add, that has kept GW gamers rebuying their armies with each new incarnation for years) why would you or I buy a revised sculpt?
However, as is evidenced by the fact that nearly every WZ or Chronopia e-bay auction of late has been snapped up by a handful of people, very soon the number of gamers who own any WZ figures will dwindle to an even smaller amount than current. Thus, a revitalization of either franchise would bring in a flood of gamers whom the current licensee doesn't need to reassure as to the viability of their old figures.
And this completely ignores the fact that both of these games have now been out of the limelight for so long that it's not just a matter of veteran gamers who no longer have their armies - there's an entire generation of new gamers who have never even heard of WZ and Chronopia. It's these individuals that any new licensee needs to be targetting. And forcing such individuals to buy the less aesthetically pleasing sculpts - regardless as to whether that's a 1st or 2nd Ed. sculpt - is a bad idea.
Of course, it might never have been EE's intention to try and thrust either of these games back into their positions of prominence. There's obviously a fairly healthy, if small, community of grognards who are going to continue playing these games and a niche company could make some nice extra cash by providing them with occasional new toys.
However, I know that's not what I want, and doubt either EE or the rest of the WZ/Chronopia gaming community wanted that as well.
(As an aside, I realize that my direct response to you might seem a bit aggressive mchiao. No offense is intended if I in fact offended.)