I think Star Wars is doing great. I’d say Lucas did more butchering with the the Holiday Special, Ewok Movies, special editions, and prequels, but Star Wars is still going. I love it as much as I ever did.
The level of Lucas’ involvement with the HS is questionable at best. And the Ewok movies are squarely aimed at kids in spite of Battle For Endor rivaling Alien 3 in some respects. 😉