Well yeah, the DG's will need to have there skills redone (like why use silence?). But I still think that it could be created, not this year but mabye towards the end of next year or following years.
They would need to create new:
-hero skills (ex. silence useless, TB circle of fire op)
-map (you only need a single map, though additional maps with variations on the amount of lanes would be nice)
-new color schemes for mobs
I think that those would be the base changes requried to get it started. (of course I only took like a few minutes to think it over, so I probably missed a ton like additional sounds, etc.)
Anyway this would be great for an expansion (due to the work involved). Perhaps a year or 2 down the road, an expansion that incorporates a lot of mods that were pretty popular in WC3 would be released using the great Demigod engine. Tower defense and tower wars were fun and very popular, and I feel this engine could be used to great succes.
Its just I feel its a shame that Demigod while being well made and fun, is very narrow in what it offers.