All right, this is less about Starrcade than it is about WCW PPV brands in general. The Great American Bash's revival made it look like there could be a possibility for other WCW PPV brands to be reunited—but it never happened. However, I think it's potentially a great idea, by using them in the same way as One Night Stand was. (A one-off PPV largely separate from the rest of the WWE universe.)
Bring back Slamboree and bill it in its original form—as a vehicle for returning legends to fight one-off matches and settle old scores. Can you imagine Hogan, Flair, and now Michaels coming back for a one-off grudge match or an exhibition match against a competitor with whom they're guaranteed to have a great match?
Another old WCW concept I can see working in WWE was that of the uncensored PPV. WCW Uncensored was a PPV unsanctioned by WCW executives—making for the increased amount of gimmick matches and violence. I think this would work incredibly well in the PG WWE, if they were to lift the PG rating for one night only every year—allowing blood, profanity, and maybe even some sex alongside ECW-style spot fests of the highest quality violence. I'm sure all the old school fans would love a return to the debauchery of the Attitude Era, even as a one-off, and the younger fans can get to witness a truly spectacular PPV.
If WWE executives are still uncomfortable with the idea, perhaps some parental advisory warnings and stickers making it clear that this is for a mature audience would suffice. After all, everyone knows they only serve to fuel popularity, as the appeal of controversy always pulls in more people.
Starrcade's popularity as the flagship WCW event makes it a great contender for revival. It could be seen as a mini-Wrestlemania, with a traditional one-on-one match between two hyped wrestlers for the World Championship highlighting each event, adding a sense of respectability and tradition to the WWE PPV calendar in a similar manner to Saturday Night's Main Event.
Another name WWE should consider using is Superbrawl, just because it's a great name and lends itself to being hyped just because it's called the Superbrawl! Perhaps WWE executives could come up with some extravagant tournament/battle royal match to headline it—like they can be usually relied on to do.
The WCW brand names have cropped up from time to time. War Games was touted as a successor to the recently defunct Survivor Series, as was the Battle Bowl and the recent release of a compilation of Starrcade's finest moments brought around rumours of a revival—but, so far, nothing has came of it. And now that The Bash has been wiped off the calendar, it's looking increasingly less likely that it will happen.