Hell yeah.
There would actually be some point to collecting rare creatures - and trading them with other users.
Trainer v Battles would take on a completely new perspective.
Imagine how cool tourament battles would be - everyone else watching on, then being summoned when its your turn to battle.
Need to setup/run a bunch of servers though.
...
I think Pokemon is one of the few IPs that could actually work as a MMO and challenge WoW - there really aren't many.
With all the money that Blizzard have been raking in for Vivendi recently... and well, we know how much Ninty loves money :)
Gesta Non Verba
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