I like the idea of Arrested Development being a tribute because it offends me less haha. I think they tried shaking things up with the Netflix release + crazy narrative + ultra meta Netflix jokes, but I don't think it totaled to a win in the end. What do you mean when you say making it into an original format though?
Also, any Sherlock fans? The whole "fanfic" idea reminds me of what just happened with the third season. After WAY too much hype and WAY too much influence from Tumblr, the first episode was a hot damn mess of conspiracy theories and teenage girls giggling at two men kissing. Sherlock wasn't even off for that long, but that might've been long enough to mess up what it had going.
Re: the rest of that season, I thought it was fine but it was nowhere near as good as before, particularly with the end.