If I was going to reimplement Emacs it wouldn't be with Lisp. Is there some reason Lisp is superior to any other general-purpose programming language for text editing? I'm skeptical because to my knowledge, Emacs is the only major text editor written in Lisp.
You can think of Emacs as a kind of software Lisp machine with an emphasis on editing. Although that analogy only works well if you squint or if you don't know a lot about Lisp machines.
As someone who first learned Lisp through Emacs Lisp, I found it fun, well-documented, and powerful. Once you grok the basics of how the system is dynamically glued together, infinitely hackable, and self-documenting it's kind of mind-blowing.