I had some ideas myself, but probably more of a mashup with the original anime. Had some crazy ideas for a fanmix sparked.
It is a real shame, and a bit of a surprise, to have cancelled this soon. The finale really was dreadful, but I would have returned for some potentially good standalone episodes. the chemistry with Jet and Spike was pretty good and the show had its moments. I feel like Netflix are shooting themselves in the foot by doing this, since there will be many people who won't bother to invest in watching a show they know isn't getting renewed.
Then again, that portrayal of Ed is gonna give me nightmares.