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ARK still has more players then ARK 1.5 the retread. I've talked to players and it just as buggy; if not more so, but prettier.
Recall the KSP2 debacle. They tried to do exactly as you said, particularly since KSP1 was saddled with loads of technical debt due to, quite frankly, some rather lousy coding and bad design decisions taken early on. Good idea in principle... in practice, things didn't quite turn out that way, so to speak. And that's just one example that I'm particularly familiar with.
They'll keep the FOMO store of rotating cosmetics operational for that cash trickle, though.
I doubt Dune will last long. If Dune fails the company has a high likelihood of shutting down. They don't have a positive track record of games. They rebooted TSW for no good reason, effectively killing both the classic version and the reboot since the reboot ostracized almost the entire original fanbase. Conan comes, was really good, and now 7 years later it's facing the same fate. Dune being entirely PVP centric likely isn't gonna last very long. Most players don't want to play those type of games.
In a perfect world, someone else takes the Conan mantle, and turns it into a large scale open world project. Ideally a single-player title mirroring The Witcher 3s open world system of fast traveling to different maps which in Conan's case would be various parts of Hyboria. That would be the idealistic project. Basically Age of Conan, but bigger, more modernized in terms of mechanics and gameplay. I think it could do pretty well. This might be a bit of a big leap, but involving Arnold as Conan could be a dope touch.