Meh, I'm one of those that hated beast machines, the sequel series to Beast Wars. The original creators sold the rights to fox, who then proceeded to systemetically gut everything I liked about Beast Wars one episode at a time. So I'd say unless you could get the original writers for best wars such as Bob Forward to come forward, I'd say just let Beast Wars remain the excellent series it is, and not try to mess with the formula.
Oh, and technically they did bring it back, in comic form. a comic company now has the rights to publishing transformers comics, and they've already released one beast wars mini series, with another to be published starting this month.