new old school

so last night in my internet browsing i came across another new old school frame but this one is actually old school. S&M has a re re make of the Holmes but this one has an american bb and 1'' headtube and the smaller seat post... and better yet its 400+ bucks. last time i checked it was 2009 so shouldnt the companies be making frames that are 2009 standards. i thought we got away from all the stuff from the old school for a reason. Would anyone actually buy that thing and use it as a daily rider??