Maybe folks here can sell me on this, but for me I've always felt like what made L5R great was its continually evolving storyline. Lots of crazy stuff would happen and I would touch base with my friends for updates and it would just amaze me where the story had gone. When last I heard the Spider Clan had ascended and exiled the Great Clans to the desert. It makes me somewhat sad that we'll never get to see what happened with that. But beyond that there's just so many great moments from the history of the game that will have never happened. Hida Yakamo and Mirumoto Hitomi and their vicious rivalry that ended with them ascending to become Sun and Moon; Yogo Junzo and the opening of the Black Scroll; The revelation of Togashi Yokuni as Togashi the Kami; Toturi and Doji Hoturi...man a lot of awesome history is going under the bus.
It's bumming me out. I wonder if it wouldn't just be better to lay out the timeline the way Star Wars does: Eras of play. Let people choose where they want to enter the story. Or maybe even free them to run a much more personalized version of Rokugan if they want, without every forest and hill and town named, without the thousands of NPCs and bajillion year histories--where they are free to come up with their own stuff. I mean if we're talking about trying to change things to make it accessible to new players. I'm not sure a reboot is the way to go...