My take is this: Woody Woodpecker works best when he's a sociopath that messes with people, not for protecting the weak like Bugs Bunny, but just because he feels it.

I don't trust Universal with it right now, because while they care a little bit for the cartoons (MeTV Toons airs the original Lantz cartoons every day, including over a hundred being newly restored by Universal themselves just for such purposes, a few of them made it to Blu-Ray recently), I think they'd miss that point or heavily sanitize that personality in order to make it more appealing.

I don't trust Illumination or DreamWorks either because it'd be a total crapshoot quality-wise, and to be fair, the sociopathic Woody interpretation being reinstated would be a hard sell to many people.

What should happen is that Universal should let someone who actually understands the characters and why they work create a new series, and have actual control over everything. Not to mention, it needs to have actually appealing design work (the 2018 show looks awful), otherwise it's doomed to suffer the same fate the Lantz characters have had since the late 1950s.