I think yes, there's nothing mechanically wrong with the ride.
I think it all comes down to PR. I may be a little bias, since I'm in Comm & PR, but still. I think the park could have handled the situation a bit better when the crash initially happened, like releasing an official press release, etc . I'm looking at this incident as a case study for a few of my classes, including Crisis Communications. We (it's a group project) are also suggesting a re-branding, and then marketing it as a brand new coaster (like what CP did with Rougarou). Since it's a new coaster, it wouldn't be as difficult to do a re-brand like it would be with a coaster that's been around for a while. As for the safety, again, more PR. They need to reassure their audiences and publics (including the media) that they've done everything possible to prevent anything like this from happening again. As long as the park doesn't get anymore bad PR and publicity, they should be ok.