I just picked up MoM on GoG early today and has been feeling my way through it. I can see why people like it and I'm probably going to like it a lot and will certainly get my oh-so-great investment of $6 out of it.
That said, I feel like I've played this game before - then it hit me, it feels like Age of Wonders (right down to the interface and music). This is probably because AoW "stole" elements from MoM.
So while I think I'll like MoM (since I liked AoW a ton), I don't know if I want Elemental to be MoM 2. I feel like I can get that "fix" from AoW even though I know it's not the same.
I just think that if Elemental became MoM, I'd feel like I'm playing just a different version of AoW again - and...I can play AoW for that.
I want Elemental to be its own entity with it's own ideas, systems, and concepts.