Frank, that is how I see it.
One of the big advances I have seen with software is that it can extract subtle and (normally) unseen detail and texture in an image and make an orderly enhancement to the image.
Shadows, clarity and de-mist, there are others like NIK detail extractor, which can be horrid but subtly applied to points can greatly improve the finished image. What matter in this case is, is there enough hidden detail in an old JPEG to extract and enhance. Without doubt the software is out there already, to enhance and extract detail and texture.