To be honest, I could definitely be all for a back-to-basics thing here with this project (though I do still wish we got the Covenant sequel before moving in a new direction with new filmmakers), I just hope the film has some actual personality/identity that allows it to really define itself.
In the case of Alvarez I guess that would likely mean making it a sort of gross-out, schlocky/exploitative splatter horror thing? Definitely something less refined than we've seen from an Alien movie before, a bit rougher around the edges, but if done well and in a way that really owns that style then ok, cool. I could get down with that. Hopefully his film's Alien design actually reflects and embodies those stylistic tendencies, though, and don't just come across as arbitrary or divorced from the overall flavor.