Semantics. The reality is that Syndicate was a dead brand that has been revived, just like Fallout 3. Nothing was being done with them. Now you could argue that they're better left dead than remade like this but Fallout 3 was very well received and it remains to be seen what happens with the new Syndicate.
If the latest entry in a series is completely different than and/or inferior to the previous entries, then the revival of the series doesn't really mean anything at all. It's like if they made a new Dungeon Keeper game, only this time it's a military shooter. Should fans of the original games be happy about that? It remains to be seen whether or not the new Syndicate will be a worthy entry to the series but again, just because a new game has an old franchise slapped onto it doesn't mean fans should automatically rejoice.
Afterall, Tribes: Vengeance was crap but the poor reception and criticism lead on to Tribes: Ascend, which looks to be much better.
T:A looks even worse than T:V. At least T:V retained the freeform loadout system and weapon carry limits of the previous games. T:A has predefined loadouts, each with a two-weapon limit. And they added unlockables. And health regen. And nerfed the speed down to T2 Base levels. And added a bunch of hitscan weapons. I'd rather Tribes stay dead than see it raped like T:A appears to be doing.