I hope it does become canon cause it definitely has earned the potential! Also, rebooting the canon without upsetting many timeline and lore passionate fans is highly unlikely.
Rebooting the canon would be mean all the other games, current timeline, and lore, don't count or even matter anymore. Not to mention there is way too much lore for a reboot.
It worked with Devil May Cry since that is a much smaller franchise with not much lore.