I don't know about the director, but I *loved* the version of the team that showed up during the Thanos Imperative. Specifically Star-Lord, who is essentially nothing more than a normal human who is facing cosmic level threats with nothing more than a cool looking helmet.
I was also a big fan of the version on Earth's Mightiest Heroes.
That's a WILDLY inaccurate headline. The plug has not been pulled. MNT is sticking around - just not as a "network." Here's the version that came across B&C Magazine earlier this morning: http://www.broadcastingcable.