Well, we got through Leprechaun and we survived. Its an iconic franchise mainly because it was one that had no shame. Warwick Davis in the role was indeed something special, but its the desire to get silly for mainly the shock of just the idea of the film when someone is perusing the video store and seeing the boxes. "They did what with the Leprechaun". There are children's movies scarier than this series. But where it relishes is in the joy of watching Warwick Davis and watching the films be just as dumb as you'd think and pull of some good humor from time to time.
Where do we go from here with the franchise? Honestly, I hope we've really seen the last of the Leprechaun. Unless its some kind of classic horror team up that brings back Warwick Davis and mixes him with the likes of Chucky or other monsters. Aside from that, I think they've gone as far as they can with him. And this new one, the quicker its forgotten the better. Nobody wants to see any more of that.