CBR has topics on rumors of Wonder Man getting the bushes and Feige rebooting the MCU after Secret Wars.
Nobody wanted Wonder Man.. and there are too many other characters that are more important.
As for the reboot.. I don't think it will be a traditional one. There will be callbacks and probably cameos. It won't be a 100% reboot.
I think it's probably needed. Everything is too spread out and too disjointed. If you're going to have a TV series, you can't multiple years between the 1st and 2nd season. And I don't even think they planned on having multiple seasons, when D+ was announced.