I was a big fan of Captain EO. I'm a SF buff, so any space story is great for me. Sure, it was cheesy, but the effects for the time were incredible. Combine a cool SF story with Michael's music and dance, along with the special effects in the theater, and you have a really memorable show. I have a VHS tape of the showing of Captain EO that MTV did years back. But the sound off of TV doesn't come close to the earth-shattering boom that the theater sound had. It was so cool to be walking out of the show and bopping along to the instrumental version of Another Part of Me. A very cool show from an incredibly talented team.
But I don't think they'll bring it back, at least not to DL - too many bad connotations go along with the modern Michael.