Not to be a pain in the butt, but is that the question being asked?I think it’s a bad thing.
I think D&D should be a public trust, owned by players and creators, run for the good of the game rather than attempting to maximize income.
Like the Green Bay Packers, not like Hasbro.
My understanding is that smaller gaming companies, while not owned by their audience, are at least run by people who care about their games.
It'd be great if D&D's IP were public, but it's not... I don't know exactly how what you're describing would work, I don't know sports re: Green Bay Packers, but that's not really a question of "should there be new editions?"