The DIRECT project I thought was a little misguided when they wanted to keep the SRBs. Cool idea to work with the ET, but solid fuel should be a thing of the past. It has only one good benefit, and that is they can be built and stored for a very long time, where the ET every time the launch is scrubbed has to be de-tanked, which leads to fuel loss in the process, and massive stress on the ET, look at STS-133 and 132 and all the damage that came out of the de-tanking.
And I agree that ditching the Shuttle mains is a dumb dumb idea. The thing that made the shuttle great was so much of it was reused, which is the future. Can't be a space faring race and throw away your space ship after each use.
But that reusability is what made Shuttle launches so darn expensive. To keep a ship of that size and complexity running after all those re-entries is hard to do. This new project having more one use components is supposed to dramatically lower the cost of launches,which should allow NASA to get closer to the launch schedules of the 1980s rather than the 2000s.
But with modern technologies, it sure would have been nice to see a Shuttle 2. With out the inteference of the DoD and their high payload demands, electronic actuators so you can ditch the hydraulics, a little more elegant cooling system, and of course a far more reliable thermal contorl system.
But this will have to do...for now. It is still better than the Soyuz