You're right. It's mostly nostalgia value :) Although I have been a hosting customer for a while now.
ES3 is nice, and short of prayer or sacrifice one was able to import Crockford's JSON library and Ramda. Server-side Node.js without npm (for better or worse).
With Babel, the idea was to use ES6 constructs and transpile it down to something IIS could run. Or Ruby, or anything else, and VBScript becomes kind of like the "machine language" description of the program.
VBScript is less painful with aspunit [1] and plenty of comisseration/resources with drian bamaged [2], aXe, and even [3].
It was amazing how much could get done with Microsoft SQL Server, a loop, and Response.Write(). Enough to build a company and to get acquired, even. Could have been a right place/right time thing for the owner.
[1] https://github.com/rpeterclark/aspunit
[2] blogsite
[3] the person with the classic ASP book