I am dually dissappointed and happy.
The show was finally starting to really entertain me. Watching 3 seasons of sub-par Trek was finally paying off. Coto and the writers got back to basics and started to make it feel like a real show. I hope that it goes off the air with a bang. I will miss it.
On the other hand...
Even before Enterprise started I was calling for a break. No Trek for at least 5 years, maybe more. No movies, no TV, nothing. Give the fans a break and let the desire for Trek start to build. Make some anticipation. Fire the shmucks currently in charge. Release some videogames and novels to keep the hard-core folks happy.
Then after enough time has passed start to work on a new project but try and keep it hush-hush (as much as possible these days). Get back to the roots of the show by setting it on the Enterprise. Get an actor with some chops to play the captain, maybe someone with established cred. It all flows around him. Set it 2-3 generations after TNG. Then hit us with a war. Make it the Klingons or some other established race. End the war within the first season or so. Slowly introduce a new threat while peace is being re-established. Get back some of the exploration aspects at this point. Then hit us with another war. Something that actually breaks the Federation. Have the rest of the series pick up the pieces and fight back.
No time travel (even though I love it in general as a theme), no elaborate gimmick like "we have to get home" or somesuch. Just flat-out Trek. Do it in story arcs like late DS9 and this season's Enterprise.
Oh yeah, and get Jeff Combs to play either a regular cast member or one of the Big Bads.
Is this too much to ask?