I once upgraded an EPS interpreter that was used as the key piece of an EPS importer. I added a couple of PS things like 'arcto'. It seems to me a LaTeX importer could work as an interpreter, too. Probably not very much fun after a while.
I think this applies to the natural output of TeX's "mouth" as well, i.e. one could exapnd LaTeX macros till one obtains TeX primitives, but at that point the information on structure is already lost.