If you meant "might have prevented the accident" then that is a possibility (I am assuming you are talking about what audio warning was presented to the driver of 1H46) but I thought this thread was about whether extending the usage of AWS/TPWS in their present form would have helped. Developing and rolling out a system with different warning tones for different signal aspects would cost an immense amount of money which would be better spent on rolling out ETCS faster.
AFAIK the current lineside equipment is mostly fed with binary "restrictive aspect/no restrictive aspect" information so the information required to do what you are suggesting would need to come from further back in the signalling infrastructure. S & T ppl will no doubt explain why I am wrong or add more detail.
The information available at the location cupboard next to or near to the signal very much depends on the actual installation.
In existing conventional relay based interlocking systems, the following are possible:
The local location cupboard has control relays (or repeat relays) for the aspects. If there are enough spare contacts available, then these spare relay contacts can feed signals to other equipment so that it knows exactly which aspect is lit.
I should mention that for a four aspect signal, the relevant relays are:
DR or DPR
HHR or HHPR
HR or HPR
There are some circuit variations, but typically:
If the HR is de-energised the signal is red,
If the HR is energised and HHR and the DR are de-energised the signal is a single yellow,
If the HR and the HHR are energised and the DR is de-energised the signal is a double yellow,
If the HR, HHR and the DR are all energised, the signal is a green.
If the local location cupboard does not have any or all of the control relays (or repeat relays) for the aspects, the aspects may therefore be fed at 110V AC from either the interlocking if nearby or from another location cupboard.
For TPWS in the later case, new multicore cables have / had to be run in that went to where the control relays were.
The GWML ATP scheme got around this problem by using current transformers - more details in
this topic.
For more modern computer based interlocking, if the existing signal module in the local location cupboard does not have enough outputs free (these are binary outputs), then an additional signal module would be needed.
I do agree though, a new system is not practicable given that we already have TPWS and ETCS/ERTMS is supposed to be the future of train protection systems.