What would I suggest they do? Start about 8 years ago with the development of CORE about the time the old team left to start Modo. From what I gather that was the fundamental cause of the split. The old team wanted to immediately rewrite Lightwave and abandon where it was. While Newtek wanted to continue developing Lightwave alongside a re-write of the system. I’m just wondering why they only started 2 years ago with the new system.
I don’t suggest they do anything, I’m just letting you know my perspective. And my perspective is that they are a long ways from home.
BTW: I was a Nay Sayer about the RED camera as well. And hey, here we are 3 years later and the number one blockbuster movie “Knowing” was shot on RED. So take what I say with a grain of salt 
Also, I personally love Lightwave and have made a great living with it over the past 14 years. I want to see it succeed more than you know.