Fortunately for me, I don't particularly care about a Fraggle Rock movie. I had a good time watching it growing up, but if they decide to make it into the next Avenue Q or Meet The Feebles, then no skin off my teeth; I just won't watch it. It's worth taking all of this with a grain of salt, at any rate; the Weinsteins definitely have a history of meddling with the movies that are under their production banner, but the film is still apparently being written, so we won't know what it's going to be like for a while yet. It's entirely possible that Edwards' script just isn't that great; he's only really written the movie Hoodwinked before this, as well as the sequel to that film (whose production company is now suing the Weinsteins for delaying its release).
For starters, they have begun the search for a new writer, presumably to rewrite my entire script from scratch. Now I'm a big boy -- I can take the blow if my skills are not up to the high, high standards of the Weinstein Company (he said with too much sarcasm in his voice). But this is happening behind my back, without consulting me or even asking my opinion. I enjoy working with other writers and have no doubt that the RIGHT person could help make any script better. But to not even ask me? Adding insult to injury, the search is basically an open assignment. This means the net has been cast wide, virtually posting in the "classifieds" of the movie business. The Fraggles do not deserve such treatment.
Personally, I hope the result is a bit like Care Bears: Back In Action!