I can tolerate licensing titles to other publishers, but not some random developers. We know Bayonetta 2 is in good hands because it's still being developed by Platinum. Rez was licensed to its original designer, and Virtua Fighter was licensed to its original designer.
On the other hand, Shinobi 3DS was licensed to another developer and published by Sega. In that case the developer were big fans of Shinobi and came up with a test build to pitch to Sega, who apparently had no plans of their own for the series but could see that it was a quality product. That is obviously a preferable situation to the case of Golden Axe: Beast Rider, in which a substandard studio was assigned the task of rebooting an IP.
But something developed and published by some other companies... My first reaction is, I just can't see myself having a good feeling about some long-dormant, beloved IP like Alex Kidd or Space Harrier being revived but having no in-house involvement. But ultimately I think if they were high quality games it could be a good thing.