Probably not, but that isn't stopping people from trying.
A group is forming over at www.iwantmyblinktagback.com that appears to seriously want to bring back the blink tag, which has recently been removed from just about all major browsers. So far this isn't a big group, but the twitter feed is fairly active, the blog is updated way more than most, and you can get a free button! They even have a pro-<blink> t-shirt available.
Honestly, the web is probably better off without <blink> but I have to admire the commitment that this group is showing to bring back <blink>. I guess as long as I am able to turn it off, then I wouldn't mind bringing back the <blink> tag.