I'm not afraid to stand up and say that both Oasis & The Smiths are great!
Bono once wrote "every artist is a cannibal, every poet is a thief" in the lyrics to the song The Fly and that statement somehow sums up the beauty of music: great art feeds itself from other great art! It's a constant evolution that's doesn't deny the past, but that actually uses it to project itself into the future
Take the example of MGMT and psychedelia rock. This band released a top charting album, Oracular Spectacular, in 2008 which went gold in this time & age with songs heavily influenced on 60s rock. 3 singles made the top20 and one of them, the superbly psychedelic Kids, managed to reach number 9 (US Billboard 2008)! We're talking just 4 years ago, when top charters were still Black Eyed Peas, Eminem (which I don't mind) and some really merda stuff!!!
And nowadays we're getting a whole new wave of indie rock influenced on MGMT. So kids that buy albums from Florence and the Machines, for ex, they'll be curious (like we all are) and get back to the beginnings of psychedelia with Pink Floyd, The Yarbirds, The Beatles and of course our beloved BBs
So if imitation and strong influence leads to interest in the original source...I'd say hell yeah, bring'em on!