I have personally done so, and I know Dr. Verhoeven and Pendray have, as has Ric and several others who have had access to old samples and new made wootz.

Wootz will achieve very good hardness, upward of Rc 65 on sampling that I did. That's not very much fun to sharpen at that hardness and it is also a typical steel in that it will be brittle at that hardness as well. It is such a very simple steel with mostly iron and carbon and minimal additional alloying elements. The crucible method and the slow cooling during processing are what make it the steel it is due to the carbide crystalline structures that form. There is no inherent advantage to the hardness alone.

From the CATRAL testing done several years ago in the UK, wootz outperformed several modern tool steels (52100) as a cutting material in a soft pearlitic state with as-forged carbides in that pearlite matrix. In the hardened state, it was about as good as the modern tool steels. Since then, there are several new alloys that will outperform even good old 52100 regularly.

Frankly it's much easier to make large amounts of modern tool steels and the economy of scale to produce a steel that's as good as wootz will generally win. There are a few of us who will take the time and waste money to produce archaic forms of material for the interest alone. I wish it was commercially viable. The only company I know that took the time was Roselli in Europe and they probably made a lifetime supply for their knifeworks in one batch.