Hoople - 2:28 pm on Jul 8, 2011 (gmt 0)
I would agree with wheel, not worth the copyright and/or trademark issues. I've only gone that route (copying what was on archive org) once, for the customer of mine that lost a site due to their host exiting the hosting market.
You could use a tool to scrape your chosen domain from archive org, extract the link structure and then create content to fit that framework.
Alternately you could do the whack-a-mole method and build pages to fix the 404's as they occur. Less work, but if it was a huge site the above suggestions might be less labor intensive.