Digital/Stereo Re-Creations: C/D

I'm seeing a lot more digital "re-creations" of old recordings, particularly jazz. Most recently, Zenph Studio put out an album, Piano Starts Here: Live at the Shrine, in which scratchy, mono recordings of Art Tatum were re-recorded using MIDI files and a Yamaha Disklavier Pro concert grand piano. The recordings are presented in both 5.1 and binaural versions. I was dismissive when I first read about the CD, but the incredible sound won me over. Still, I'm not sure how I feel about digitally messing with the originals.
http://www.allmusic.com/cg/amg.dll?p=amg&sql=10:3nfoxzejldae~T1

Fake stereo has been around for decades, of course, and they're usually pretty indefensible. In recent years, however, there have been a number of decent-sounding releases of pre-stereo material. In particular, I love Billie Holiday's "Love Songs" on Nimbus, which does a nice job of isolating her voice. (In "Let's Dream in the Moonlight," she sounds like she's standing right next to you — chills.)
I expect we'll be seeing a lot more of these digital re-creations. Is it blasphemy, or is the end result the only thing that matters? I doubt Billie Holiday would have a problem with the way her voice sounds on the Nimbus release, or Tatum with how he comes across on the Zenph CD.

it probably sounds more like what people at the concert heard, but its still digital fakery, which makes me a little uncomfortable.