I don't think I really understand, why do people want ED2 developed by this company? ED1 doesn't exactly hold up the best today, and it's very clear that SK has not been able to keep up with the progressions in this industry. Too human was a decent game, but decent isn't good enough when your game crosses the development time of 3 console generations, and there following work afterwards got even worse.
People trash Rare, yet all of Rares titles have still been good to great, scoring accordingly and even outselling SK efforts, SK is a terrible dev company for unknown reasons, but i'd not trust any beloved IP to them at this point. I hope any developers that have lost their jobs manage to find work in the industry that suits their talent, but clearly SK is not capable of outputting anything worth a damn today. If Nintendo cares about this game a lot (I doubt they do considering the original didn't exactly light the world on fire) it would probably be best to just hand it to a new developer with Nintendo oversight.