My personal opinion is that Marvel not only disrespected their fans by changing canon ... But it's such a complete change that they figuratively gave the two-fisted bird to fans, and pi$$ed on all the prior people who worked on Captain America.
What do you think of Marvel changing Captain America into a traitor? According to them: "Steve Rogers will be, and always has been, a member of Hydra and will now be presented as the most covert undercover operative of the Marvel Universe."
I've never seen or read Captain America but it really does seem like a betrayal of all those fans who have come to love him over the years.
I can only hope that Captain Philippines doesn't suffer the same fate or his offsider, Boy Pinoy (well-known to all of us who came from Ask) will go down the gurgler with him.