To justify the cost of old-recipe golden apples, Jeb would need to make them make you fly or be invincible for two minutes or something. That much gold can take hours to mine or farm.
I don't know why they don't just make it 8 ingots if they are going to make it a special item. I still want it to be nuggets though, it makes a lot more sense. Every time I see that old recipe I think of a giant block of gold with an apple hidden in the center somewhere.
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"I decided to restore @notch's old Golden Apple and give it an effect proper for its crafting cost"
*edit*
I'm betting it gives you invincibility.
Nope! These new Golden Apples will be entirely separate from the one crafted by nuggets! Have a link: http://www.reddit.com/r/Minecraft/comments/tz3ok/jeb_i_decided_to_restore_notchs_old_golden_apple/c4qxo81
Stars like Mario! WITH the sound effect.
Someone can make a stack of weak (actual) golden apples and wait for the update.
And bam! You have a stack of extremely powerful and rare items.
Maybe this item could only be obtained by trading?