So you guys would rather have the "gosh, golly, gee whiz" Billy back? The one with absolutely no room for character devolpment in the last 50 years?
There was a pretty successful children's book series recently about an innocent "gosh golly gee" orphan type who developed magic
powers and, as a result, underwent all sorts of character development without turning into a paint by number gritty modern DC character. You might have heard of it. I'm sure
executives at DC's parent company have.
Not every comic book needs to be exactly like every other. Some characters, like Batman, lend themselves more to grim and gritty adult fare. Shazam was, and should be, a children's comic book. An introduction to superheroes.
You'd think that, with the success of young adult/kids books like Harry Potter, Percy Jackson, etc., DC/WB would be scouring their back issues for characters to market to kids.
Capt. Marvel, with all his "gosh golly gee" could have been DCs/WBs answer to "the Incredibles" and "Megamind." Too bad no one at the companies seems to have the slightest idea what to do with any property not named "Batman."