It's the poor story telling that's the problem. The writing is just bad. I believe B&B have stated that they don't know where the series is going. They don't know who the future guy is. They don't know any more about the temporal cold war than we do. No wonder the writing is so bad. With B5, the creator planned the basic story out before the series started. Lucas had the story for Star Wars from the start. Maybe he didn't have all the details worked out, but he knew Luke was going to face Palpatine in a throne room at the end. B&B have no vision for Star Trek. They have no plans for it. It's just puttering along with no direction and no goals. Now, this could work. I, personally, am not a big fan of story arcs. I thought DS9 was better before the Dominion War. TOS was just fine without an arc, but it had (sometimes) good writing. Doctor Who is my favorite Sci-Fi program, and it was almost an anthology. The lack of quality story telling is what is killing Enterprise, especially with the "arc" that is supposed to be there. I don't mind the inconsistencies so much. If you look at TOS, there are all kinds of inconsistencies. How long into the series was it before we heard about a UFP? It was always the earth ship and earth men. I think there was even a throw-away line about Vulcan being conquered. I don't get too upset about the inconsistencies with Enterprise. I would like a more primitive look to the show. Nowadays there are basically two aesthetics for spaceships: organic and sleek and curved, or blocky and industrial looking. I think something more like the Daedalus would, in a way, be more creative today. But even that is not a deal breaker. It's just the low quality.
Where is the wonder, even disgust, when the crew encounters new aliens? No matter how bizarre or new or unexpected, Archer and co. just take it in stride, rarely just stopping in awe. As I remember, Picard was much more moved by the Dyson sphere than Archer was by his little sphere. Granted, the Dyson Sphere was much larger, but Picard was more worldly. There is no sense of wonder in this show. No feeling of awe. Maybe we as a society have lost our ability to wonder. I recently read an anthology of Asimov's older works, and one thing that I kept thinking over and over is, "people wouldn't react that way." Maybe, with all the Sci-Fi and special effects, we just don't have much awe left in us. If so, then I guess we can't do any better with Star Trek.
So to get to the question at hand, I say we let it die. The people in charge of Star Trek just do not understand Sci-Fi and have no vision or imagination. The franchise needs to get out of the rut it's in. Maybe in a few years, under new leadership with creative writers, a TMP series could be made. Maybe one base loosely on SFB and SFC. I would like to know why the Organians didn't care about the Cardassian war or the Dominion war or the Borg.
By the way, Emerald Edge, you should look up what they planned to do with the new Dr. Who. After reading the "bible" for the proposed series, I am glad Fox dropped it.