And how exactly are you so sure that the canon story would not be good?
It hasn't been all that great so far. Don't get me wrong, I love the DMC series, but I've never played them for the story, because... well... it's really not all that good. That's just my opinion, of course. The story concept is great, but it wasn't executed very well in any of the games. As mentioned in several threads, there are major plotholes all over the storyline and each title jumps back and forth in time instead of telling one coherent story.
The reboot is a chance to tell the story (or rather, NT's interpretation of it) in a new and better way. Hence why I root for the reboot. Nt's other games such as Heavenly Sword and Enslaved had some amazing stories which were brilliantly executed, but then they lacked somewhat in other aspects of the games, such as gameplay and graphics.
Having Capcom on their backs, looking over their shoulders on this game will hopefully provide them with the confidence to improve themselves for making a good game with a good storyline, good gameplay and good graphics as well. I like what I have seen so far, so I am optimistic.