I'd like to see a combination of both. The muppets could be in the theater some of the time and in the boarding house some of the time. Though, I would like to see the muppets in the theater like the original muppet shopw, only updated like it was in the X-mas movie. Scooter finally got a head set.
I think when it comes to the new muppet show, it's best to stick with what worked in the past. Then if the show gains momentum, they can try out new things.
One more thing. I would assume that the new show will be set in the theater considering the muppet theater has been completely rebuilt. I don't think they will just throw that set away if they have a new show comming up.
And another thing, I'd like to see the show in wide screen. That would be interesting. Also, Rowlf should be brought back as long as bill can get into character. On the Weezer Making of clip he sounded weird and didn't seem in character, but i've heard that at Muppet fest he sounded good and was right on.
Ok, no more things.