Is there actually any demand for it from people who would actually watch it? There is a reason it got axed and if those reasons certainly haven't gone away.
It would be a massive step down for Dermot though, while isn't Fearne leaving Radio 1 tying in with her having another baby?
To me it's just a lazy piece of journalism tying in a story which seems to crop up every couple of months with a couple of pieces of other news and hoping people buy it.