I have just watched the video above, and I think an AGA machine with some fast ram could possibly do a slim lined version. The biggest concern for me is the speed of the game, and the amount of large sprites needed. The general player sprites would be fine as they aren't too big. It's the tanks, helicopters, and boats etc that would be difficult to do.
If you can get the "feel" of the game, with similar gfx and sfx then I think that could be considered a success!
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