Nah, that'd be lame. Why have a Wolverine who's that old? Yeah, we could get some interesting flashbacks, but what do you want to see? Wolverine on one of Marco Polo's ships? Wolverine fighting Genghis Khan!? Wolverine in Hill Valley circa 1955 bumping into George McFly?
Let's just hope Ultimate Marvel doesn't muck with Wolvie's history as much as the 616 did and we get a nice, clear picture of who he is. I mean, now they're launching Wolverine: Origins to clear up his 616 origins...and I'm sure it's just going to introduce new errors.
I like the idea that he was an animal and he just thinks that he was a good man. It would create major tension and some interesting plot points. Yeah, instead of having him deal with his "animal side", have him end up fighting the real man within...the "evil" man.
Yeah. Make it so that Logan was basically a villain. He killed for fun and was basically what 616 Sabretooth is, minus the psychological scarring he apparently received as a kid. Just make him a complete bastard!