Haven't played VF in ages, but wasn't the last game launched the same year as Tekken 5? Bc I remember playing both of them around the same time and thinking "damn, those two games are pretty similar, I wonder who cloned who?", and looking back at T5, it didn't had rage, power crushes or any other gimmicky 2d comeback mechanics and I remember juggling was pretty short, I don't think bound even existed in T5.
Point being, if VF had continued, I'd say there's a huge chance they'd also introduced similar mechanics, as well as more visual bells and whistles (slowmo, particles, etc.), hell, if it ever comes back I'm sure they'll get plenty of those in. Wanting a "realistic, grounded" (whatever that means) FG in 2024, using a game released almost 20 years ago as a template seems too