This will go one of two ways. Disney will either save the franchise by hiring top-notch writers and directors, or they'll further drive the nail into the coffin of the universe that started with Boba Fett, Darth Vader, and all the awesomeness that was the first three movies, then ended with Jar Jar Binks being the one who essentially brought the Empire into power.
I'm not sure which way I think it'll go. I suppose we'll just have to cross our fingers and hope for the best. I desperately love the first three movies. I tried hard to love the last three, and wouldn't admit to myself for a long time that I was bitterly disappointed with them.
If Disney does get these right, we can kind of all conveniently forget that Episodes 1-3 ever existed. If they get them wrong, it's just another stake in our collective hearts.