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>You'd think there'd be some fanfiction left from the old fanbase.
From what I've seen, the fan-fic community before G4 was somewhere between non-existant and completely irrelevant.
As far as reinventing a past incarnation of the show, it's kind of counter-productive, seeing as fimfic only allows Friendship is Magic-based fan-fics. Sure, you could post it on deviantArt or FF.net, but that's the horsewords ghetto.