Sorry it took so long to get back to you on this one. I wanted to make sure I had complete and up to date backups of each user's data before I tried the suggested solution.
I followed the procedure step by step but it did not work. The offline files in Windows XP showed that the server was available for reconnect, but when I tried to reconnect and perform a synchronization, it failed with the message "The target account name is incorrect". I did some searching on EE and on google and I believe this is somehow related to the SID of the new server not matching the SID of the dead server. My understanding is that if these don't match, the offline files cache on the client machine will not sync with the files of the file server even though the name of the server, the name of the share, and the file structure and permissions are identical.
I ended up setting up a new redirection policy for each user to the new server, reinitializing the cache database on each user's computer, and then synchronizing the new cache database with the new server.
Lesson learned: if you have are using offline files, make sure you have an image of your file server that you can restore if you want to have the clients offline files cache to pick up where it left off after a server crash.
Thank you guys for your efforts.