To hell with you naysayers, I'm quite happy so far. Though I can't help but wonder if a 40 year old Basara will wander in somehwere... Taking Macross up another 20 years is definately a good thing, new technology, bigger ships, the proper time for another new generation of Valkyries, etc.
Besides, at that era, the U.N. Spacy would/should be adiquately equipped to take on Protoculture level technology (should that become a plot point). Hell, Kawamori "could" even decide to bring back the Megaroad (though I doubt that'd happen) with dexcendants of the original crew.