Hear, hear G-Man. Your argument is well-said and has very reasonable points. Somewhat surprisingly it was a Gamestop who told me "Comic readers shouldn't have to sift through tons of crap to get to the good stuff," and this five year time span is way too short to deal with 25 years of established continuity. You'd have to really plan it out quite meticulously to make it look even somewhat sensible and that's not what we're getting here.
@Scantenii: Interesting point with the Phantom Stranger and Pandora.