It’ll be more of the latter, I’m sure. Halloween H20 was about as good of a sendoff as you could get, and now for some reason they’re going ahead and doing the exact same thing they did with that film, which is saying that everything that came between it and the original Halloween II didn’t happen. This franchise has become such a mess at this point, we now have three films titled Halloween, two films titled Halloween II and now four competing timelines in which events take place (the original Halloween through Halloween: The Curse of Michael Myers, Halloween H20 through Halloween: Resurrection, Zombie’s two films, and now this new Halloween.
What was going to be great about this new project is that it was supposed to reboot things without any ties to the past, allowing it to go forward without being tangled up in the various timelines. Now they’re going to most likely have to reboot again with whatever follows Halloween 2018.