That it was connected to the original was its biggest weakness, what's the point without Scott Bakula and Dean Stockwell (RIP)? It should have been a straight up reboot if they couldn't get Bakula. They also should have trusted the original's premise more, it succeeded because of the great chemistry Sam and Al had and because we really got to know the people Sam met each episode, it made helping them and fixing things the major part of the story. The new show cut away to the present every 5 minutes doing some science/tech/conspiracy/government stuff and none of it was necessary. They paid lip service to the original show but completely missed the point.
Not going to happen. The show isn't on Netflix so there's zero incentive for them to save it and Bakula most likely wouldn't participate anyway. If he wanted to do it he would have appeared already, it's not like the doors weren't wide open.