Meh. I would have respected them more for at least trying to finish the trilogy of Prometheus and Covenant. Problematic as they were they were at least more interesting from a lore perspective than inserting other random Alien encounters magically retconned into existence between the existing films which is kind of a low effort, low risk, low pay-out thing to do. And one that I might add seriously risks adding retcons or changes to the magic and feeling of the original trilogy.
They'll never come close to touching the quality of the first two films (3 if you count the Assembly cut which really made 3 a much better film) and if you just want jump-scares and gore and horror certainly continuing the Prometheus storyline could give you some of that.