I'd prefer if he kept shopping around the B5 reboot, like he's been doing the last few years. And for me, with my dislike of reboots, that's saying something. The tech is around and he has the previous experience of completing several excellent story arcs, with the continuity assistance of Harlan Ellison, so there's potential for something special there.
Yeah. Admittedly, I have mixed emotions on this; on the one hand, the vast majority of reboots (like you, I dislike them generally) means that I don't have high expectations for it.
...on the other hand, B5 has such amazing world building it would be a shame not to re-visit it at some point.
(Still, the idea of "Babylon 5, but ... on the CW!" Think we might have dodged a bullet. .... then again ...