Fin Fang Foom wrote

Unfortunately, as Golden Age material really only appeals to a small part of an already small audience that's buying "classic" reprint collections, there's really not too much to support the investment of "upgrading" or reworking older Golden Age reprints. That has happened at DC from time to time, when key issues have been reprinted in other books -- I believe Detective Comics #27 was revisited, as was the cover to Action Comics #1 (though I'm not sure where that was used) -- but there's just not enough interest in this stuff to make it worth the publisher's while.

(If Marvel hadn't had the opportunity to redo the disappointing reprint of Marvel Comics #1 that appeared in the Masterworks, by subsequently repackaging it in another expensive hardcover, chances are the softcover would have been equally disappointing.)
I wish that DC would restore their key GA material (Batman, Superman). There's no doubt that the current versions available in the Chronicles TPBs (the closest thing that DC has to softcover Archives, using those decades old files) are still better than the first printing/HC version of GA Marvel Comics Vol. 1, but we all know that DC could do better. I wonder if DC were to remaster them and then repackage them in an Omnibus format (which many of us here on this board would lap up), would it be worth the investment? If Marvel can recoup their re-re-remastering on Omniboo, logic dictates that DC could, too.