I think I can safely answer this now, and of course this is just me talking, YMMV. I'm no heavyweight, check my profile, blah blah blah.I guess what I am also asking is if you didn't own a VL208 and had to buy new cabinets, would you be satisfied with the the M line wizzy12, hope for them to change their mind on the NM208 or is it back to the drawing board?
Several years ago I was wondering if the NM-208 would come to fruition. And I think even prior to that there had also been one or more VL-208 reissue proposal type threads (hence the "deja vous"). I decided instead of reading threads and waiting and wondering to just go ahead and take the plunge and get a Wizzy M-line and draw my own conclusions. Man ... Never regretted that move.
Later on I was lucky enough to score a used VL-208 in good condition. It is unique, makes a great sound, and I have no intention of selling it. But truth be told, I use the M-line more often. And it's not because the M-line is lighter. With my ears, hands, amps, basses, et al, I just really connect with the sound of the M-line.
I realize that since many of us have not ever heard an VL-208 in person, it's tough to just let the thought go when people here we respect and trust keep praising it. Make an offer on that used one and hear it for yourself!
Whatever you choose to do, make a good sound.