Do you think a new shenmue could be as good as the last

ya thats what i was thinking, i hope gaming isnt hitting a wall

This.

I wouldn't quite say it's the norm -- few games focus so heavily on day-to-day real-life simulation as Shenmue. And I can't think of another one that did so in the context of its wuxia genre, either; a Shenmue reboot or a game inspired by it would still feel very different from most of what we get today.

Unfortunately, the basic problem is that Shenmue cost an insane amount of money to produce even by AAA standards (and would probably be even more expensive today.) I don't think you're likely to see another game with that kind of budget unless it fits squarely into an established genre and has an established audience.