We're not really thinking a remake of WOM. Rather, should be invest in updating what we have and making it available on Steam? It would gain the engine updates that LH/SK have but it wouldn't be a new game.
The question is, was WOM "fun" enough as a concept to justify this work?
Please correct me if I'm mistaken but didn't Stardock already have plans to make a further patch to Legendary Heroes which might include Dynasties?
An Updated War of Magic runs the risk of looking like Legendary Heroes under a different name. The main purpose behind Stardock bringing out FE & LH as I understand was to replace Elemental but I can understand as the CEO if you still feel a nagging desire to make Elemental what it was intended to be so if you're going to do it at least make sure that it plays differently from LH although my preference is for more development on LH.
And given that Fe:LH is so much further developed than Elemental but still with a lot of room for improvement why not follow up LH with another patch or mini expansion through some DLC content.
I still feel like LH could do with some more work
-overhaul to the civic and economic system. More specialized buildings, more resources, more Wonders, more unique map features.
One thing needed for instance is a Capital City choice for 1 and only 1 of your cities (as a an addition to the usual town/conclave/fort options that would serve as a jack of all trades function). Partly because some maps and start locations don't provide a lot of expansion sites to cities and to make a capital city have a special part of your empire; both for roleplaying purposes and strategy if for instance you lose your expansion and you get boxed in by the AI or alternatively if your map only gives you a handful of sites to place cities.