The Lionel 700K (as I recall) was a screw-together kit. Something along that line would work for solder-challenged people like myself. But when you add drilling, tapping, filing, filling, sanding, etc. it starts to get outside the capabilities of the R-T-R crowd (and me, though that's slowly changing). Painting and applying decals isn't a big issue except in complicated paint schemes.
I've assembled several Intermountain Kits and a couple of Athearn/All Nation kits in my earlier days back in the hobby. The Intermountain kits were actually the easiest for me as all of the parts ("thousands of them") were actually just a carry-over from the model car days of my sordid youth. Drilling small holes was a challenge (until I got micro drills and a pin vise). Paint was rattle can until I got a good airbrush, compressor and spray booth.
In the end, a more detailed result requires tools, additional skills, additional parts and additional time. I think kit forms of certain items could be viable, but to date the only ones I've seen that are up to the mass produced models were the Intermountain car kits and the Red Caboose GP9's (Intermountain made those too).