If there is a "nu ME" in the making (and that's a BIG IF), what are the chances they make a decent game of it for a change?
Can they? They don't have the talent. Let's presume for a second they fire their incompetent writers and hire someone who can actually write story and dialogue, without inserting woke garbage into the story. There's still a lot to Mass Effect - action, character design, animations, gunplay... Veilguard did have one redeeming quality - locations looked pretty. So I guess they have at least a few competent designers on their team. But what about everything else? And then there's the issue of management. Good managers don't result in Veilguard, so they too need to go.
The market also isn’t where it was when they created the Mass Effect series. Cover based shooters were all the rage back then, but now the market has shifted back to more run and Gun gameplay. Mass Effect was never a good tactical cover based shooter, but they’d probably have to do something even better today to get by if being a cover based shooter was what they were staying with.
Cover based shooters "were all the rage" due to the fact that technology finally allowed for that kind of gameplay. The first cover based shooter for the xbox was Kill Switch, which was noteworthy simply for its cover based combat. It was novel at the time, and it definitely wasn't just a "trend". Cover based combat was ubiquitous for the same reason that physics, destructible environments, and console multiplayer were ubiquitous -- it was cutting edge for the time.
Why don't we see cover-based combat today? It's because devs are talentless hacks for the most part, and studios have transitioned to making games for the lower common denominator who weren't gamers back in the day and have since taken up the hobby since it's become popular and acceptable to play games now. This is also the reason we don't really see much interactivity in games now, no destructible environments and no cover-based combat. There's a brand new audience to cater too, and this audience doesn't care about any of that.