That's exactly what they did with the 5th installment. They took the old factions from the 3rd game (with some exceptions) and, in one night, to avoid looking completely ridiculous, came up with a new world.
Bow down and hear our cry,
Our earthly rulers falter,
Our people drift and die,
The walls of gold entomb us,
The swords of scorn divide,
Take not thy thunder from us,
Take away our pride.
G.K. Chesterton: English Hymnal