From discussion at polarboing it seems it's possible to get the site up again, but that some people are not willing to do so because "it downloaded the entire aminet mirror every day"...?
I don't quite know what's up with that, but when so many people want the site back I think it should go back up, regardless of some person's personal issues.
I guess if people want the site back up, they need to ask nicomen (Nicolas Mendoza) nicely if he would like to help out.