Sure, but from a user perspective? It says you could run vi/gcc/etc. in BoW, which you can easily do. I don't know why GGP would want to spend millions (surely would cost way more than millions) nor billions recreating something that already exists?
BOW's only weakness is its single user mode, more so a limitation of being a Win16. If it'd been pushed harder to a NT service/client/server DLL it'd have been a much bigger player.
It's all moot, Pink/taligent died, Virtual Machines is where everyone runs their stuff these days, OS/2 had the driver/disk/filesystem stuff done right.