That probably wouldn't last too awful long...

Both Noggin/Nick Jr. and Sprout started out playing two different packages of classic Sesame Street episodes: one package contained 65 selected episodes from 1969 to 1989, while the other package was a number of episodes from their 1993-1994 season... Noggin quickly phased those out... then when Sprout started, they originally were playing episodes from 1998-2000, then they started playing episodes from 2002-2004... NOW, they play reruns of current seasons for some reason.

It would probably be the same story: they would probably play the classics for a short while, but they would eventually either phase them out, or replace them with reruns of the newer episodes and seasons.