In my mind, the real Queensryche doesn't exist anymore.
I can understand and sympathize with that to a certain extent, but here's the thing: If we define "Queensryche" as the original lineup that made the classic albums, then that band stopped existing back in 1997, after Chris DeGarmo left, with a very brief reunion in 2003 for the Tribe album. I mean, there were a lot of very crucial factors that made the classic QR sound besides just Geoff Tate's voice, and CDG's writing and playing styles were certainly among them. So if we are going to define Queensryche as just the original incarnation of that band, then we also have to exclude albums like Q2K, Operation :Mindcrime II, American Solider, and Dedicated To Chaos, since they did not have the original lineup, and therefore were missing key ingredients of the original QR songwriting formula. But those albums are out there, and they exist as part of the Queensryche discography. You and I may not like that fact, but that is the reality of the situation. So long before Todd came into the picture, the QR legacy was already marred by over a decade of half-assed records.
In an ideal world, I think Whip, EdBass, and Scott Rock would have just formed a new band with Todd, bringing along Parker to complete the lineup. I also think Geoff would have just left and started a solo career waaaaay before this split finally happened. Remember, he did put out a solo album back in 2002, and at that time he certainly expressed a lack of interest in continuing with Queensryche. Unfortunately, in the real world, simply establishing a new band can be difficult, so both Geoff and Whip/Ed/Scott would naturally want to use the QR name for their future projects. The last three albums were basically just Geoff Tate solo albums anyways, with the Queensryche name just slapped on the cover, and the other guys just making token appearances to justify calling them "Queensryche."
In my mind, Geoff has had control over the QR name for long enough, and he and his wife have run it into the ground with their hair-brained schemes. Considering also Geoff's abusive behavior towards his band-mates, and the fact that, officially anyways, Geoff, Whip, Ed, and Scott are all equal owners in the Queensryche corporation, I feel the other three guys are perfectly within their rights to give Geoff the boot and continue on without him. They still form the majority of the remaining original lineup, so they should rightly be considered the successors to the Queensryche legacy. The next album with Todd may not be "Queensryche" in the classic sense, but I feel Whip, Ed and Scott are much more deserving of ownership of the name then Geoff, and I also feel that they will be able to make an album that does more justice to the Queensryche name then Geoff has with his abominable FU album.