Most of the time that's nostalgia, and when you actually examine the good and the bad of the environment of the time, you realise that it actually wasn't all that glorious. We tend to remember the good times and not the bad.
Is there a right and wrong answer to the original question though?
I'm not sure that there is. I think the important thing is considering the question and asking yourself "should I be doing this now?".
I'm not sure about that. I just think that the opportunities and philosophy behind website creation are different now than they were then.