I want to see one made. There's real potential in a new Sesame Street theatrical film. But they'd have to play a more nostalgic angle than Elmo in Grouchland did if they hope to have anyone over the age of 2 willingly go to one. EIG is a deceivingly good film, though it had a lot of problems.
But even Follow that Bird, the film everyone likes better, didn't gross that much. Adjusted, FTB did outgross FMS, but only by like 4 mil... EIG is one of the worst grossing Muppet/Henson films... only doing a couple thousand more than Buddy. BUT both movies did their business when they hit home video. That means we'd be more likely to see more DTV projects in the future. I really want to see a bigger budget Sesame Street project with a LOT of exterior shots, and a theatrical film's the only way we'd get that.
If we have a good, solid, gimmick free script that doesn't just center around Elmo, there's some potential.