I would say no. By that time, wars were faught on such a grand scale, with wide battle lines and so many troops, that it would probably come out as something similar to Civilization 4. By that point, wars were more about logistics, timing, and production than singular battles. Most strategies were general directions (i.e. We'll move our 3rd Panzer division through Belgium and cut a swath straight to Paris), rather than specific battle strategies such as those of Hannibal and Henry V (we'll meet the enemy on this battlefield and decisively defeat the majority of the army and have the entire west open to our legions). Nevermind dealing with planes, bombing, trench warfare, and finding a way to put hundreds of thousands to millions (rather than ten-thousand max) troops on a single battlefield, I think if you even start to consider Modern Warfare (By modern we mean WWI and II right? Because I wouldn't even start to think about how Vietnam or Counter: Terrorist type games would work) from a gameplay standpoint, it just wouldn't be the type of TW game we've been seeing for the last 10+ years.

-Speaking of which, totally unrelated, when did STW and MTW come out?