I'm right there with you on having hoped that this would be an opportunity to DOFP it.
But now that that's failed to happen (not saying it would've been better than what we did get)? At this stage, I don't even really care anymore, the window's closed, just reboot already and make the next ones good. I think we're also well past the point where making a clear separation from the Bayverse would hurt this current iteration of the movies. So just do that already rather than flip-flopping in interviews. I don't disagree that one
could make it work, but at this stage, who and what does that really benefit?
I believe they had genuine high hopes for TLK at some point. It was going to be a soft relaunch of the whole franchise. The writers room produced ideas for a whole cinematic universe. The brainstorming session was bonkers, they didn't say no to any idea, and they felt good about it.
But those ideas were just a few bullet points each, and it turned out that nobody knew how to develop any of them into a whole solo movie. So they bashed all of them together into one movie.
But the resulting movie was very long, and they were still stung by the criticisms of AOE being too long, so they desperately shortened the runtime by clipping a few seconds from the beginning and end of every scene.
Hell, I had high hopes for TLK at some point. Well, not "high", just hopes. I
had seen the previous movies, after all.
But like I said, AOE dropped a lot of neat lore to play with -- Lockdown and the Creators (who might have other agents), Autobots having to reestablish on Earth with Optimus gone (this time to seek out the creators), a nebulous and malleable Knight backstory, KSI -- and TLK had some intriguing new possibilities (Hot Rod, a returning Barricade and Megatron, a returning Cade, Anthony Hopkins coming in, leaning into the Knight aesthetic, even the order of the Witwiccans had potential). And so with a gaggle of writers there to make the most of all that, there seemed to be possibilities there.
Of course, nothing changed from the whole "let's write the thinnest-ass plot needed to justify what is essentially a theme park ride" mindset, and so we got a movie that was basically AOE Again, feeling as Mad Libs as these movies have ever gotten.