It more than likely is, but you're talking about fans there. What must make sense in the making of a major motion picture is having more than fans go see it.
If it isn't worth the money to make it (and make a profit from it), it won't get made, or at the most be made as a fan film.
There is a huge difference between a TV series (where something like an early adventures of Pike may work) and a movie, where something like Star Trek has to be done as right and as profitable as possible, or it isn't going to happen.
If there is even the slightest hint that it won't make the money back, it won't get made.