BoCF is one of my all time favourite games, I recall spending a good few hours just trying to roll a valkyrie
The combat system would likely be the big stumbling block as it was more like M&M or Bards Tale. It wasn't a real time action based fight and was more a case of pick you options on a round by round basis.
That being said with some clever LUA scripting and some of the new GUI api functions I wonder if it may be doable