Rebuilding the Titanic?

Forget raising the Titanic Australian mining entrepreneur Clive Palmer wants to build a life-size replica of the doomed ocean liner (personally i find building ships to 1:700 scale more manageable than 1:1). Although the ship will be built with an eye for detail with the same style of furnishings as the original and will not have TVs or free WiFi the ship will have some modern refinements such as air conditioning and sufficient life boats!

It looks like the ship is intended to be more a floating theme park rather than an ocean liner built to a retro style. Passengers will be able to dress up in period clothing and party like its 1912. The ship will retain the three separate classes of the original (and classes will not be able to mix) though there could be an option to sample life in all 3 classes. Palmer is hoping the ship, which could begin construction this year, will be ready to recreate the ill-fated Atlantic cruise of Titanic 1.0 in 2016. Hopefully avoiding ice bergs...

Photo from Flickr Commons (State Library of Queensland)