Many of us agree that the Simpsons, Fairly Oddparents, and Spongebob would've been better off if allowed to end gracefully around or after their high points. My personal belief is that the SImpsons should've ended in 2000, FOP in 2006, and Spongebob in 2004, but that's just me.
But I think looking at the old story in a new way, or more specifically looking at the story from a different POV, isn't inherently a bad thing. I am not arguing for 30 seasons of the Owl House that allows Disney to shamelessly profit from an IP, but a short prequel story about a beloved character. Tom Stoppard made us care about the likes of Rosencrantz and Guildenstern after all.