Utterly devastated?
Not really. But Konami and Mercury Steam are doing a good job of utterly devastating my interest in new Castlevania games : p
And it is shame to see something that was once so rich, colorful, and exciting, become so bland, monotone, generic and boring. Has that stricken me to the point where I can't properly function as a human being? No, but it's certainly not something that I think is good.
You sound exactly like I did several years ago, after watching the Castlevania series undergo another major shift in tone, aesthetic and gameplay when IGA had assumed full control. My enthusiasm for a series I had once loved had been steadily drifting away after a few years with IGA at the helm. I had a moment when I bought Curse of Darkness, tried to get myself into it, but then realized that nothing in that game has anything to do with the Castlevania that I grew up with and came to love, even as it tried to invoke nostalgia by using a character from one of my favorite games, Trevor (kind of like the new Lords game does). Rather than making me like Curse of Darkness more, I instead thought of the inclusion of Trevor and the "adding on" to the CVIII story was more blasphemous than anything else... probably the same way you feel about how they are reusing old character names now but in different ways.
At some point later I accepted that the Castlevania series had just passed me by, and the sense of magic and wonder I got from games like the original NES trilogy, Super Castlevania IV, Belmont's Revenge, Bloodlines, Symphony, and even Circle and CV64 to an extent, was gone. The series had moved in a different direction from what I wanted, and that's that. To many, that new direction is what drew people to the series. Games like Harmony of Dissonance, which made me groan and roll my eyes in disappointment at some of its style and gameplay elements, is considered by many fans one of the best games in the series. It's just not my cup of tea; it's not the CV that I grew up with. So it's really all just a matter of perspective.
Well, now Castlevania has undergone another major change, and trust me, it's not going back, no matter what you tell yourself now. Best to just accept it, and enjoy the specific era of Castlevania history that you like best, and let the new generation of fans enjoy Lords of Shadow.