The ESRB has rated the PlayStation version of Magic Carpet for release on PS3 and PSP, meaning it'll join last week's release of Populous: The Beginning as PSOne Classics at some point in the future. Why settle for being a king when, for the low price of $5.99, you could be a wizard on a flying carpet!
If that doesn't grab you, you'll also be able to pick up Sorcerer's Maze at some point. While not a Molyneux game (it's a low-budget Arkanoid-style game published by XS Games) it is also about a sorcerer (not sure about the "maze" part). And how can you refuse that box art, even in a digital version with no box?