I have to admit to not being a fan of franchises completely disregarding entire installments, although I don't hold that against the new production itself. I think a better approach would just be to move on without necessarily having to acknowledge the previous adventure, but not directly contradict it. Or maybe do like the Wolverine movies did in which the second movie only had a brief offhand reference to the first movie that either you caught or you didn't and it didn't disrupt the story.
I do find it funny that Star Trek fans complain about modern productions that aren't directly in line with the nearly 1,000 installments in the franchise, but other franchises can't even keep their stories straight through four or five installments.