Sure, in which case our films would either be terrible, or set like 150 years after Endor.
I'm not blind to the fact that this is a cash grab - they want to make films that people will see, and post-Legacy films or yet more Old Republic prequels probably don't fit that bill. At the same time ... again, look at the last reboot. The EU that most of us grew up with is a lot better than the EU that came before, and why? Not because the authors were any better, but because there was a department at Lucasfilm making sure that the EU was planned and curated. Sure, it was a parallel universe to the movies and the TV show, and sure, most of it was still bad, but they took it seriously and we got a better product than what had come before.
The way I see it, now they're doing the same thing. They're taking it even more seriously, and I don't see any reason to expect that to result in a worse product than what we've already got.