I watched in the 70s too. But never got onboard with the Eccleston reboot.
There are no plans to make more Doctor Who, if it was good they would continue making more. So it's being shelved is probably a more an appropriate phrase.
Someone might take a chance again in several years.
> The Mirror reports that the series will return to BBC One for future series, with Russell T Davies already working on scripts for an additional two series, irrespective of whether Disney decide to continue in their partnership with the BBC beyond this series.
There are no plans to make more Doctor Who, if it was good they would continue making more. So it's being shelved is probably a more an appropriate phrase.
Someone might take a chance again in several years.