I think it's likely that they'll appropriate a fair bit of it like they did for the prequel films, but just not in name. I'm not too worried about it, in any case. If memory serves me right were a fair few disparities in the way certain EU characters were written so there's probably leeway for characters that they do bring in.
Absolutely unsurprised by their choice of time setting, since it's
exactly the same thing they did with Indiana Jones.
It was probably more fun for Indiana Jones, too, since despite the quality of that sequel there was certainly a new, fresh time frame and a fun 70s design to it.
I'm kind of interested in how the sequel trilogy for Star Wars will look aesthetically - whether they'll bring back the sleek, clean pre-war aesthetic of the prequel trilogy, or go the other way and go deeper into the cobbled, semi-grungy look of the original trilogy.