No. All of those small, unique stories, especially those found in the non-Amazing titles, would be gone. The long, built-up history would be gone, and no matter how good the writers were, we'd probably get a greatest hits-type series, with all of the major villains being rushed to the fore right away and alot of the lesser known characters being shoved aside. It would probably have more in common with the new cartoon than with the current comic book universe.