I advise against starting a new coin to compensate those who lost on this coin.. The only way to compensate it is to sustain, but "fix" the current blockchain.. that would allow existing wallet holders to have the same amount of coins in their accounts with their existing wallet.dat files.
Otherwise.. it's really just another new coin launch...
Yes, the value is in the blockchain created, sans the first block. From a practical standpoint, I agree its chances of being worth the effort are not great.
From a point of principal, I would really like to see AsiaCoin recovered. Hopefully some of the anger on here turns to productivity.
Going forward....visit my thread on Mother's day. I'm launching a whole coin based around Preventing occurences like this. Has been a lot of work.
You won't need money, or BTC (I won't accept either that early). You need not bring your botnets or GPU miners...it's single CPU only.
Just mine some coins off your laptop. Message me with a sad story if you like. I might be able to offer you some tips.
https://bitcointalk.org/index.php?topic=582598.0