RobNJ said:
I don't really have an opinion on whether it's a good idea or not. But the question is are we operating in the realm of pure fantasy or are we talking about the real world?
Wizards have to have a reason to do this. They need a reason to divide the energies of their SRD intern or to get lawyers to figure out the legality of SRDing 1st and 2nd edition or the numerous other things.
And even if they got past all that . . . the question is what does it gain them? And what does it hurt them. So far the only argument that I've heard that's been in any way convincing is that it would hurt them. I forget who made the point, but someone pointed out that it could sap sales from 3E and the PHB, and selling the core rulebooks is why Wizards created the SRD and OGL.
Gene has provided no more coherent argument than, "Gee wiz it'd be nice," which isn't enough to talk about in the real world.
Think about it like this: they can release it much as they did the SRD. Release everything
but, say, character generation, as they did with d20. Require the use of a cleaned up and edited "Rules Cyclopedia" that collects the most important portions of the 1e/2e PHB/DMG/MM. They could retain the rights to the D&D/AD&D imprint, and license it as they did with Kalamar.
HackMaster uses 1e/2e rules, licensed from WotC. As we know, HM has not crippled 3e. Based upon this fact, I doubt that the audience who would buy products for 1e/2e OGL products would be drawn away from 3e in any substantial way. That is, this would appeal to the most ardent 1e/2e fans, the ones who didn't switch to 3e.
This would provide another source of revenue, which I believe - and, admittedly, what do I know? - would outweigh any potential undermining of the 3e customer base.
Of course, something would have to be done to make this fair to Kenzer, who paid to use the 1e/2e rules. I don't know what could be done about that, but I'm sure something could.
As for delaying the release of d20 material into the SRD - no, of course I wouldn't want that to happen. This could be done once the bulk of the material has been placed in the SRD. WotC's release pace seems to have slowed quite a bit, so keeping up will eventually be relatively easy once all the hardcovers and splatbooks are in the SRD (or whatever material WotC is willing to release into the SRD).