Yeah, that is kind of it. In the same way that FD procedurally generated the Galaxy, rather than coding each system, would using one of the advanced chatbots, properly instructed, be an improvement over the current canned NPC chat. I got thinking about this after being repeatedly spammed by NPC canned messages. You could just make sure the chatbot conversation starts with the information the game was already going to give, but let the player go where they want to from there, or ignore as they wish. Add in information about Galnet News and players could amuse themselves talking about recent ED events however they like.
Very experimental, but in many ways I am as interested in this game as a technical feat as much as a game.