Great thread! I know it's easy to dismiss as yet another doom thread but what makes it great is the thoughtful quality of the feedback given so far.
I think I'd vote for an expansion. While I completely take on board the very valid concerns over the core game engine (and things like lighting, anti-aliasing and design decisions taking the game somewhat away from the original vision, which are all hard if not impossible to change without starting again), an ED2 rewrite would ultimately (imho) go down the same path. I would postulate that techinical debt in long term software development is inevitable. I would also suggest that developer churn is also inevitable and that the valid criticism about the visionaries who started this no longer being around would just happen again. And so, faced with another Elite that's ultimately doomed to its own 10 year life cycle vs. building on what we already have and (mostly) love, I'd vote for the latter. Is ED as good as it could possibly have been (given it's budget and focus on getting to a released and stable, if somewhat scope compromised, product)? No. Has it failed tho? I'd also say no. It's still the best game I've ever played ... Frontier did all right in my book. As to the future ... given recent, hard to hear but actually quite reasonable doom forecasting by OA, Guard Frequency and others, I have a suggestion. ED is a fantastic sandbox and there's no reason it can't continue to run as it stands as long as we, the community, continue to enjoy, support and, to a minimal level, fund it. Thanks to the BGS and a procedural galaxy larger than we will ever need, the game is largely self sustaining. So continue to tell stories, take screenshots, build and participate in community events, and occasionally drop some money on ARX and I think FD will happily keep it running. Put our faith in FD releasing new content, get despondent when they don't, and ultimately give up on it and the game's days are definitely numbered. Perhaps it's up to us now?