Honestly, I don't think Spongebob is a type of show that caan really be revived like Scooby-Doo or Tom And Jerry, despite the fact that it's humor is about on-par with those cartoons. My reasoning? Scooby-Doo is a show about teenagers with quirky personalities that go around solving mysteries. That's it. Any reboot can take any character, put them anywhere, make them do pretty much anything, but as long as it's teens going around solving mysteries, it's still Scooby-Doo.
Tom And Jerry boils down to a cat chasing a mouse and failing. They can have Tom and Jerry be aliens trying to stop an evil dictator from the planet Leela, but at the end of the day, if Tom is still trying (and failing) to eat Jerry, it'll still be Tom And Jerry. But, for Spongebob, what can you really do? Spongebob has too many restrictive things that make him Spongebob. The underwater setting. The hawaiian/APM music. The characters. The Krusty Krab, The Treedome, Jellyfish fields? Any reboot can't take that stuff away, or it's not Spongebob anymore.
Take for example, Rugrats. The main draw? They're babies getting into relateable situations! They're juxtaposed as adults at times, too! The series got continually worse, and then there was All Grown Up, which took away the main draw. They're not babies juxtaposed as adults anymore; they're angst filled teens! People watched the 1st episode, if just to see how the Rugrats were as teens. After that, the series pretty much stuttered out and failed.
That's pretty much what I'm saying. If there was a way to re-incorporate Spongebob, it couldn't really work without taking away Spongebob's multiple draws. Spongebob has a set setting and tampering with that makes him not Spongebob anymore. However, it's probably just my restrictively uncreativ mind. There might be a way to make Spongebob a Looney Tunes-esque thing. But for now, I'm just glad that the series is still going (and rising in quality).