I hesitated with the word choice but when i say "modern" i mean that the project dispenses with the implementation details of BBSes that are not relevant to the "BBS experience", such as the use of telnet/ssh, outdated text encodings, and long signup forms asking for copious amounts of personal info. I think adding images/videos would definitely affect the experience.
In BBS terms it very much was modern. First it dates to 1992, so very late in the BBS era - just prior to the point where larger BBSes were starting to offer shell or SLIP/PPP access and inevitably becoming just ISPes. And it never really caught on. I remember the one time I dialed into a BBS in 93, the video mode changed and this graphical mouse driven screen was rendered. It seemed cool but BBSes as more than an ISP were already dying. The company that made it was a bit interesting - once the web came out they tried to improve it away from its EGA origins, add audio/video and pivot to directly compete with HTML and then Flash - it did not work out.