I'm not against a return to that style sometime, that can be fun but things needed to be refreshed badly after Ascension.
I wish Sony would be open to do some smaller project like a new GoW in the style of the old games. Maybe find a smaller studio that is willing to work on it like Nintendo does with many of their IPs.
It can be beneficial to both sides, the smaller/indie studio gets more visibility and Sony strengthens their IP and library of exclusive (even better for them if it's an IP they have not been using).