Ever Thought of a Reunion/Update Movie ?

I understand the desire to revisit these characters. For those of us who love this movie, they left an indelible impact on us. However, so did our first love and our first kiss. Do any of us really believe that, were we to magically reconnect with those people now, that they'd be the same? Hell, WE aren't the same.
Certain events serve a purpose in our lives and it is no less noble a purpose than the memories that are left behind. "The Cowboys" is one of those films that resonates with most of us, not only because of the story and characters themselves, but also because of where we were, and more importantly WHO we were, in our lives at the time we first saw it.
Mr. Nightlinger's appeal to the madame is all the justification I need that this film should never be remade or subjected to a sequel. The memory of the act (whether losing one's virginity or enjoying "The Cowboys") should be pristine, and would only be tarnished by trying to somehow 'force' the experience through an improper context or setting.
Try as we might, we can never replicate that initial shock when we watched John Wayne's character assassinated any more than we can replicate our first kiss, etc. The best we can do is look back fondly.

Sometimes, that is enough.

A "reunion" would not work. While The Cowboys constituted a pretty big hit, especially for a Western, and while it carries a certain lore for genre aficionados (for obvious reasons), it is not an iconic film that a large audience would recognize today. Therefore, the market potential for a "reunion" would be extremely slim.

An alternative possibility would just be to take the premise and create a new Western where aging cowboys in the dying days of the frontier reflected upon their youth and mentors in more dangerous times.