I'd like to thank everyone for their compliments to my earlier post. I don't really want to "rock the boat" but I also have a certain fondness for Fraggle Rock and I thought that I would share my thoughts on the topic.
I keep trying to think of what more to add to what I have already written. Perhaps, most extensively, I would have some sort of data collection method for measuring online appreciation of the venture. This collection would be in the form, perhaps, of an exclusive forum while the initial YouTube clips were being displayed. There might also be a newsletter that people could sign up for that would give exclusive behind-the-scenes photos, preview photos of future skits and perhaps even a chance to incidentally influence the content of future skits ("What picture is Mokey painting in our next skit? You decide!").
The data collection would be used to, again, influence producers into displaying that the brand was viable for both adult fans and younger fans.
Cost is always a consideration; A dedicated website, run properly, is not without cost. Any venture would need a content pipeline that contains both invariable content (content that doesn't change regardless of the venture outcome) and variable content (content that changes as the venture gauges it's success, ex. "Everyone wants more Boober skits!" "Skits involving turnips aren't popular!")
Overall, I think that the strategy is still solid. I have my own thoughts on a soft reboot (really a continuation with minor retconning) but I don't want to upset anyone. The reboot would be soft enough that, should the hypothetical first season be successful, traditional elements would be reintroduced in the second season (with some minor retconning from the original series just to keep everything consistent).
Poke all the holes that you'd like; It's all just discussion for now.