in general I would say everything can be replicated, the big question is always how close to the genuine it will be - in this case I believe the replica makers would not be inclined to go thru great length like with the HBB or any of the other more popular watches.
The biggest reasons that this can not be replicated with any accuracy are:
- while the movement is loosly based on a 2892 it has a couple of unique features, like small seconds subdial and power reserve that will be hard to replicate, unless of course the Chinese would do a gear only modification and ad a PR module - which I doubt will happen.
- the movements blue Titanium coating would also be difficult to replicate and I doubt that the replica makers would be interested in a low volume product that only watch enthusiasts know
and the biggest reason is: BECAUSE I SAY SO