The thing is, it's not better than what happened.
The real invasion didn't really capture the essence of WWF vs WCW, but it did give us really good feuds in Austin/Angle and Jericho/Rock, and the initial fan response to RVD was fun. This takes away the good matches, and uses guys not associated with WCW. Come on, he can't even fantasy book Hogan, Hall, and Nash to do anything worthwhile? Just the idea of Kurt Angle against Rick Steiner, Hogan being wasted in a midcard feud with Dusty Rhodes, and Terry Funk getting a top-of-the-card push should be enough to totally discount this (not to mention headlining Wrestlemania with Austin against Foley, a true WWF match that had been done plenty of times before).