After all, Nicholas Meyer is just about the best there is in Science Fiction cinema. A very, very close second behind Steven Spielberg. He has directed two of the very best "Star Trek" movies with the original cast ("Wrath of Khan" and "Undiscovered Country") in addition to the brilliant "Time After Time" in 1979.
Universal Studios has never recruited Mr. Meyer to direct a "1978 Battlestar Galactica" movie because quite frankly he would have gotten the job done within a reasonable amount of time, would have respected the source material of the 1978 series, and would have revived the sleeping giant once and for all. The very things Universal Studios has been fighting against for the past 34 years.
Instead, Universal Studios has consciously and deliberately killed the sleeping giant (the 1978 series) again and again by (for examples) putting the property into the hands of an untried and untested neophyte executive producer (Ronald D. Moore) and a film director with a notorious track record for abandoning projects soon after he announces them (Bryan Singer) with alarming and frequent regularity.
1. Universal Studios and "Battlestar Galactica" do not mix well together.
2. Universal Studios and Science Fiction do not mix well together.