It's probably going to happen.
Actually, I have an old UPS I want to try to fix just as a learning project. It's really hard to get to parts of the board though and the power portion is of course on the harder side to get to. And the more I see all these nice beefy components the more I just want to salvage it.
There's a nice transformer I could probably rewind as a high voltage transformer.
Though the idea of making it into a high current transformer sounds like fun too, I could use it to make an induction coil. Though I have another transformer I use as a door stopper I could do both...
I regret throwing out my past UPSes that failed. So many nice goodies in there.