They would tear Gunvalkyrie the fuck apart today. Even in 2002, reviews were divisive... which is unfortunate, because the game was amazing. It was another title where you had to come to grips with the controls, but once it clicked... oh, man. The game controlled so, so well, and gave you an unprecedented amount of mobility.
That said, the lightgun + controller controls sounded absolutely retarded back when that was first planned out. Applying all that nonsense to a Wii-U version sounds like it might literally be the worst thing ever. Not just in games, but like... period.
If they rereleased Gunvalkyrie, they would either splice in dual analog controls that fuck the game up (since it was built around a lock-on system), and reviewers would complain anyway; or they would leave the controls as is and reviewers would complain. And then all the dudebro consumers would complain.
And that, friends, is why Dead Space 3 is what it is and why we get Lost Planet 3 in the US instead of Capcom's cel-shaded third-person shooter that could actually be good.