At least it includes the word “him.”
I honestly think “reinventing” is just producer-speak, typical hyperbolic hucksterism. None of the elements you mention will really change: Bond won’t become a pacifist or an outspoken critic of the British government, ask permission before touching or kissing a woman or hide behind a pile of paperwork in his office when M calls because he really doesn’t want to leave the safety of the office to go on a dangerous mission. Even most of the superficial stuff won’t change: he won’t give up designer suits in favor of t-shirts, jeans and sandals and if Babs has her way he’ll probably still be driving that same damned car.
What Babs is talking about is the packaging; will the next era return to OTT world-shaking threats like the old days, or headline-grabbing stunts ala M:I, or double down on “realism” and try to ground Bond more in the world of true espionage, or given the success of Deadpool and Wolverine take the plunge with Bond’s first “R” rated era? Maybe even flirt with the notion of a “period piece” Bond set in the 50s? Some of those are more likely than others, but none of them would change, on a fundamental level, Bond as a character. However, in the parlance of producers, who don’t create so much as dress up someone else’s creations, it would all qualify as “reinvention.”
Possibly the most daring thing they could do (since she did say “him”) is to cast an actor of color in the lead role. Which would certainly put a whole new spin on the character but as far as those key elements you mention would not “break” him; it’s just a more radical redressing than most. (Granted it would turn Fleming’s version upside down, since his Bond is fundamentally a white Englishman with something condescending to say about every other race and nationality.)
For all that I go on about Craig not being “the same character” as the other guys, even his take wasn’t a “reinvention.” Pretty much all the essential Bond character elements are there. It’s impossible to reconcile his Bond with the others because there was never a Tracy in his life, he started the job with a female boss, he lacks even the veneer of sophistication, etc. But those details, too, are all “dressing,” tweaks to the way Bond is presented but not a fundamental re-writing of what the character is.
As a producer, Babs’ job is to navigate the most profitable course for the series. That means figuring out what sells and, if you’re really good at your job, anticipating what the audience is going to want slightly before they know they want it. That’s the kind of reinvention she’s looking at. It’s not “let’s change the product,” but “let’s come up with packaging that boosts sales.”