Personally I'd rather have a few decent homage figures than a revamped, probably substandard, BW TV series. Animated's demise was bad enough, to see the same thing happen with BW redux would be horrible, unless it was crap in which case I'd rather it just didn't happen.
And I totally agree, it does seem unlikely we'd get Transmetals, and very unlikely we'd get TM2s or Fuzors.