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Why does it have to be HD? I would deifinitely buy some of those older shows on blu-ray in SD(preffereably at least remastered)...BUT, I would need multiple seasons or (depending on how many seasons) even the entire series on just one or two BD's. That, to me, would be worth while.
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Because the "percieved value" issue. They're not going to shove an entire season on 1 disc and then charge people $40 for it. Sure, they could fit the whole thing on 5 BD-50s, but when they're asking for $300 for that, people aren't going to bite. If you pay that much for something, people expect impressive.
Outside of some kind of collection of budget titles, you're never going to see BD disc stuffing when DVD will do.