First of all, thanks for the information and details. Now it's more clear what happened with the website, etc. Second of all, good to know people are planning to revive WO. Third of all, my opinion about this:
I think the new website must receive a new name. I think that if the administration will be different, the interface will be different, and the point system will be different (I hope so), it shodn't be called just "Worm Olympics". The original WO had its life, it is the end of a cycle and now we are beginning a new cycle.
So, I really expect improvements and not just make the same thing again to feed the nostalgia of conservative players. This being said, I think: if the idea is to make significative changes to the system, the website, the format, it should receive a completely new name.
If the idea is to keep almost everything as it was, but change some details, it should be called "Worm Olympics Revisited", "WO New Edition", "WO Lives", "WO Gourmet" or whatever the name.
If the idea is to keep everything exactly as it was, I think it can keep the same name: WO. So, it would be like a band that after decades reunited again and released a new album. Even so, that new album may have been created by exactly the same people, but due to the time gap, these members are already completely different compared to the early years of the band, and, it will not be the same thing, even if they preserve the characteristics of the sound of the band, the core elements of the first albums. I think it's more interesting to create something new, accepting that the time passed and now the times are different. The community is different. So, if this band will reunite, I expect it to make a new sonority that doesn't cut its roots, but brings a more mature vibe and feelings.