Have to say I feel the same about this as I do the new - Chinese? - MG cars (I used to own a '72 MGB Roadster) - if the new product bears no relation whatsoever to the old product and what made it uniquely appealing, then why not just call it something else entirely?
Wal basses were one way the Hayman / Shergold design evolved, but there were potentially other ways - keep the multi-string formats, keep the multi plug-in module model with modern module options such as MIDI, synth, headphone amp, bass modeller etc, keep the original body and headstock design but make it a bit sleeker with modern finish options like flip metallic paint and funky stained hardwood.
Also agree with @AndyTravis about the short scale thing - always needs to be an option of course, but are players getting smaller these days or what?