Oh, for sure, one would learn an awful lot working with those technologies, but as soon as one wished to work on more modern systems, one would have to forgot all of the former and all the ugly of the latter.
This isn't really a criticism, more an expression of puzzlement. Normally, I'm a pretty good contrarian, but I don't get it.
True, there was this Finn who did this some time ago and it worked out pretty well, but I still don't get why anyone would start with i386 and BIOS.