No kidding.. It's currently the most endorsed mod on the nexus. 
 
I'm sure most people can at least agree that having the entire text written would be a nice improvement compared to the summaries we get now. 
 
The nostalgia thing is so overused and inaccurate. For me nostalgic would be Fallout 3 considering it was my first Fallout game and the least recently played. 
 
Even for people who have played Fallout 1 or 2 first, I'm sure if they prefer that gameplay style it was one of their most recently played games. 
 
It's not like people are sitting around dreaming about the good ole days.
 
Otherwise I agree that a game would need to be designed with it in mind, which at this point is far too late.