The only reason I wouldn’t want to see them do it is that, unless I see a future film from them that doesn’t have it, their aesthetic is pretty much just boring office spaces and grey concrete, and Hercules needs to be a colorful film.
Tonally and filmography wise, Favreau and Verbinski fit much better. Just look at the Iron Man and the Pirates films, especially the latter, which strike a good balance of large, mythical scale, swashbuckling set pieces and good camraderie between characters. I can totally picture that translating to a live action Hercules film.
The only clincher is who they get to write it. That’s gonna make or break it. Verbinksi is pretty hit or miss when it comes to that.