I think one key point is, better graphics aside, the devs now have the game running on a far better engine than MO1 was running on.
I remember quitting MO1 back in 2012, and many other people back in those days too, because the game had a huge amount of technical issues. Devs would fix one thing and break another. Constant desync and lag issues were a thing, which never seemed to get fixed.
At least working on a modern version of UE, they're no longer held back by the engine, and this is only good going forward for the future of the game.
Sure its going to be a bit empty and lack content to start, but they've done the most imprtant thing here.. and that is have a solid platform to build on going forward..