This is exactly what a bunch of my friends and I have been yelling about FOREVER. Honestly, I don't even need the graphics to be updated. Just give us the old game with the old graphics and a Live matchmaking system. We still have the original console hooked up in our house JUST for Halo: CE because that half-baked rerelease through Live Originals is glitchy. If the only update was supporting online multiplayer (and I don't even need leveling/ranking) I would have zero problems dishin...
There really are a LOT of people who play CE and ONLY CE.
We're not asking for any investment on the graphics really. Just get LIVE matchmaking up.