Full disclosure: I was eight years old in 1997 and loved Wheel 2000 at the time.
One thing I loved about the first decade or so of Nickelodeon game shows is it didn't feel like they had the pander knob turned to 11. More often, they happened to be shows kids would enjoy. By contrast, Slime Time and Treasure Mall were every bit a sitcom's interpretation of what a kids game show should be.
I was in the prime demo for Wheel 2000 at the time as well, but it didn't hit the mark for me. With short puzzles and microstakes, I wasn't getting anything I liked about the adult version. (Something tells me, based on my time in TV development, that somebody thought short puzzles were "easier," or would allow them more time for the educational bits.) I liked stunt shows, obviously, but the ones on Wheel were clunky...not as fun as Double Dare, not as slick as Fun House, etc. And of course, many resulted in players getting 3 useless letters to try in the puzzle.
I can't speak beyond myself and my classmates at the time, but every assembly we had in those days that took on the David Sidoni/Cyber Lucy tone was flatly rejected.
It's a long of way of saying that, if they're after using the name, perhaps it's best to do as much of the new stuff as they can organically. See what tone today's kids actually respond to (vis a vis TikTok, et al) rather than using all the slang you can Google. I don't hold anything sacred, so change away...but I'm just hoping it's not another run at "regular Wheel of Fortune, but we completely stop the train to do things we think kids will like."
-Jason