Renovating stairs

[Xfitter71]

Ok thanks.

[pushkins]

The simple answer is no, the issue isn't covering the top of the 2x's it's the covering the nose, all stair tread covers will have a built in nose. Plus the first step will increase in height 3/4" in relation to the basement floor. (all other steps (except the top) will stay equal.
It's not that big a deal to remove the 2x material and simply add stair treads of your choice material.

[Xfitter71]

The stairs going to my basement bedroom have always been carpeted because they are just two-bys. The stair well is walled on both sides so edges aren't an issue. Is there a product that I can just scab over the existing 2 bys? I'm looking for the new hard wood stairs look.