At first I was a bit skeptical about the dying thing in KQ but once I beat KQ 3 and 4 after countless death scenes I realized how fulfilling it was to make it to the end of a King's Quest game and still be alive.
I have an idea though. Remember in Curse of Monkey island how they had a reqular mode (which was easy) and a Mega Monkey mode (which was crazy hard) and I think they did this in a few other games as well. Why not do that? Have an easy mode for people who've never played a King's Quest game before and a Hard mode for the KQ veterans.
I think it would be a better way of easing the new fans into the franchise.