I would tend to agree with you in that it is nostalgia, but to some degree, it's also the toolset that was packaged with the game. I think I've enjoyed player-created stories and campaigns a lot more than I did the one packaged with the game and the community has managed to do some interesting things with the limited objects it has been provided, but that's moving us away from the topic of discussion.
My thoughts on "save scumming" are generally that every time I see a discussion like this one appear on a game forum, it makes me cringe. This is one of many reasons multiple play modes were introduced and is a "problem" that was already solved a long time ago.