This inspired me. I think this kind of work would be fascinating and deeply satisfying.
I've done a bit of this with personal material (friends, family, my own stuff). Even then it's just when I have the necessary equipment already. Currently it's just a flatbed scanner, VCR, cassette deck, and capture card.
They don't get a ton of use, but when someone mentions having old tapes they can't watch anymore, I usually try to give it a go.