Concur. Building the new ones to take a reworked Harley design motor was the wrong way to fly entirely. But an improvemant over the old Roadmaster 80" Chief flathead engine is indeed indicated, and there are a couple of real swell possibilities. That said, I'm happy starting with a chassis built in the year I was born and going on from there, but that's not an option for younger riders.
That might be one of the machines constructed as a design exercise the first time Indian was going to be resurrected (by Floyd Clymer, if I recall correctly).