This seems like a no-brainer to me. You want to train and race, after doing so for many years?
I just re-discovered road bikes 3 years ago, road my first TTs last year, and find myself riding crits and road races this year (not fast, but determined to get there). I have no racing background, just an athletic one, and have a decade on you.
So yeah, go for it, at whatever level challenges you.
Oh, and pics or it didn't happen.