As much as I think certain reactions to this have been somewhat… extreme (arguments, accusations, and rather excessive use of the word "fag" included), replacing a website just isn't as easy as it sounds. Even if, by some miracle, every bit of work on the site was saved, and even if, by some greater miracle, every bit of what was saved ends up back on the internet in an accessible place, there's no guarantee there would be enough resources and motivation available to put it back together in a cohesive form. It feels to me sometimes like the internet just isn't as capable of anything as it used to be.
I personally don't have much of a stake in this, but I don't like seeing stuff lost. I hope whatever can be recovered is moved to a stable archive somewhere.