Those odds are incredibly stacked against you:
- an MMO inherently requires a lot of the player's time, so the by-far most won't be playing more than one. Would they choose your game?
- network effects: players will usually flock to a game that has a lot of players already.
- people that know Elite are generally older with jobs, the target audience for MMOs are younger players with a lot of free time.
With EVE Online being the big elephant in this room, I doubt an Elite MMO will be much of a succes. Then again, feel free to prove me wrong, I'd probably sign up just for old times sake :)