This might not be a traditional revive, but I've been thinking of this a lot. I know LJN has made some crappy licensed games, among them the NES X-Men and Wolverine. Wolverine, in particular, I wouldn't mind seeing a new game with him. Maybe, God of War-style, Wolverine going crazy against various enemies and fighting bosses like Sabertooth, Cyber, Silver Samurai, Omega Red and such. Maybe some of the Claremont/Miller influences, and have it be a very comic-inspired game(not a X-Men movie inspired game, like X-Men Origins: Wolverine). Action brawler, adamantium claw slashes, climbing up walls, scrapping up robots(maybe even Sentinels) and kickin ass! I just dont' know why it hasn't really came across anybody's mind yet. Maybe X-Men/Wolverine's not as famous as they were in the 90s, but even the released X-Men games tend to be more RPG-esque). Just full-on Wolverine brawler, in a world/setting of the comics. That would be AWESOME!!
Though, that also makes me think of how well the Batman franchise has had some nice lasting success with it's video games. Sure, there's been some duds(Batman Forever for SNES), but NES Batman is pretty acclaimed by gamers, and almost everybody I know loved the Batman Returns beat 'em up for SNES. Even now, with Arkahm Asylum and Arkham City, the Bat-Games are still pretty much loved. Doesn't hurt that a lot of the developers actually care about making the games, and it carries over.
It's something I wished happened with other franchises. Sometimes, when franchises switch hands from studio to studio, the care and dedication is lost. Hell, that even happens in the sake company over years(sometimes newer developers just can't make a great game, or older developers loose their way). It's why I don't trust Konami with reviving some games, just as, if they ever brought back the Chrono series, I don't trust "current" Square Enix with continuing it on. Look what they did to Parasite Eve. So sad....