The X Factor

5 Years after it failed specatularly on Channel 10, 7 for some reason have revived The X Factor. While the show has had success overseas, it was one of the biggest flops of the 2000's in Australia.
The show has already had a change of host with Matthew Newton being replaced by Luke Jacobz (or Angelo for the Home and Away fans).
Will it work second time around? I can't see it being the rating juggernaut 7 are hoping it is to be honest - similar shows have flopped recently, with the exception of Australia's Got Talent (but even that took Susan Boyle for anyone to notice the show even existed in Australia).
The show has already had a change of host with Matthew Newton being replaced by Luke Jacobz (or Angelo for the Home and Away fans).
Will it work second time around? I can't see it being the rating juggernaut 7 are hoping it is to be honest - similar shows have flopped recently, with the exception of Australia's Got Talent (but even that took Susan Boyle for anyone to notice the show even existed in Australia).