Now for my true thoughts on this. I do believe Faber does have something to deliver. However, I think his approach of (if previous arguments are true) depending on fan backing isn’t the best way to do it. I know he’s said “true fans” would get behind him. However, I don’t think that is a reliable way to campaign for a revival.
Especially when particular fans like me would much rather BIONICLE be laid to rest and just have fan projects/MOCs/fanon keep the base alive. I have little reasons personally to want another revival, or back one for that matter. Especially with how poorly G2 was handled (which, to be fair, my perception is probably twisted because of the mess that was moderating the 2016 BIONICLE topic, Lord have mercy on me). If Faber can somehow convince me this is a good idea after much disappointment, I might catch on.
The problem is that he has not communicated enough with the community to sway me, even if I think he does have a product. If a fan like me cannot get invested into another revival, how does he expect a huge corporation like LEGO to listen to him? That is the question I think Faber needs to ponder if he truly desires to create a revival.
However, I’d also want to bring attention to the strange trend Lego has been going with nowadays. There has been a large increase in focusing on third party/collectors themes in the LEGO aisle when I have shopped. This includes the LEGO art and other things. Besides Ninjago’s mechs and stuff, there is not much hope for constraction there, and I’ve felt very little focus on the core LEGO evergreen themes.
This leads me to believe that LEGO has been focusing primarily on their licensed and collectable or even adult-oriented series. Which BIONICLE, if Faber envisions it like he once did 20 years ago, just does not fit in. It is too risky; LEGO plays it safe nowadays, with new Ninjago phases only being experimental. Perhaps there is a welcome expansion in Ideas (but those are often expensive, geared toward adults again) and Creator, but for sets oriented toward children? I have seen little.
This is a concern for LEGO itself, however, but my point is this: I don’t think LEGO desires to delve into risk these days, and Faber’s proposal is definitely risky considering he has no other baseline besides a few logos. But even if he did have something substantial, part of me wonders if LEGO would desire to delve into the risk again, like with G1 and G2.
TL;DR - Fan backing will not work, and LEGO will likely not endorse such a project because they are not risk takers at the moment. It’s a fruitless endeavor.