A) If the new series fits into previous canon, how and where should it fit?
B)If the new series is a an outright reboot, discarding all of the previous movies, where does it start off?
These are two very obvious questions which have to some extent been answered. First consider this quote from Tom Hardy in 2010:
...but needless to say, if we could draw a line between what Mad Max has become and the story of Mad Max and revisit...it's a revisit.
Mad Max 1 is the story of Mad Max, without any question, and The Road Warrior is definitely what Max has become. What's said here would point directly to the gap between Mad Max 1 and The Road Warrior. A huge gap. Okay, yes this is speculation but also kind of obvious. It is also reinforced later when he says:
...we are not going to look for recreating a new world and a new visit to the first two movies...
This very firmly points towards scenario A that the new films fit into previous canon. Let us presume for now this is true...We know the Interceptor is back, we know that they've built new interceptors for the movie. Again this points to the gap between MM1 and RW. As the interceptor is obliterated in RW.
So... Fury Road... I'm sure I'm not the only person who is reminded of this...
Could Fury Road chronicle the downfall of the MFP? Taking us from the declining society and vigilantism we see in MM1, through (presumably) nuclear meltdown, to the desolate wastelands of RW. It seems quite unlikely since so far we've only seen photographs of vehicles reminiscent of The Road Warrior... But who is to say they haven't got a bunch of yellow Ford Falcons with red and blue striped paint jobs stashed away somewhere? The only vehicles we're sure of are those in Namibia that are too large and obnoxious to be hidden. Remember, they are filming two movies out there... Maybe they will film earlier parts of Fury Road in Australia...
Do you think they're going to kick off Fury Road straight away with Max inexplicably in the wasteland with his car? I'm not sure... Even The Road Warrior had a prologue which gave some insight into the gap between the movies, the meltdown of society and the (unspecific, but presumably nuclear) war that ended society and rendered the world as a wasteland. There is a good posibility that they may use a similar prologue in the introduction of Fury Road, it's certainly not out of the question. Certainly for newcomers to Mad Max... I don't think Fury Road is going to jump straight into a wasteland scenario like we all expect it to.
Personally I would love to see some more MFP action. There is more to explore there. To see the failing struggle to maintain order in a climate of rising chaos. Sure... okay Tom Hardy isn't Mel Gibson. But personally I think the potential for story to be explored between MM1 and RW is more important than the visual continuity of the actors.
Well I don't know... this is my own speculation.