I actually love this, and I bookmarked it.
Why? Not just because of nostalgia.
Web 1.0 sites had a different set of UI idioms, which seem unintuitive to us, as we're too set in our new ways now. If you get past the fact they're ugly by modern standards, you'll see these sites accomplishing amazing results through startlingly simple means.
It's an excellent source of inspiration, and if you combine those ideas with modern design, but keep it minimal, I believe there's a lot of potential to create something compelling.
This is the same reason for which I like reviewing old OS GUIs, old apps and even UIs in movies sometimes (but not the modern take which just slaps animated circles and gradients on everything, I mean actual UIs showing something readable/usable).