I'll watch condensed versions of both of them. ST 11 is 45 minutes of pretty entertaining ST and 45 minutes of chases, fights, explosions, and jumbled messes of starship battles. While I haven't tried to condense TWoJJ down, I suspect it'd work out exactly the same way.
And if any of the TNG people were to direct the thing, I'd go with Kunte Kinte. He directed some excellent episodes, including some important ones for DS9 and Timless and Similitude which are among the tops in VOY/ENT.
edit: I thought Orci was still writing? I'm with Blob. If he's completely gone my faith goes up a bit. It's purpose for the studio still concerns me, but whoever they bring on board might find a way to turn the thing around.