Personally, I think the path that has been proposed is probably as good as any other. Sure, it will have negative consequences, but so do all the other options. However, I would make sure that other available frameworks cannot be leveraged to some degree before doing the whole thing from scratch, but that is just me.
That process has been done in the last 6/9 months. How hard do you want to keep beating a dead horse?
-- Stefano.
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