I think the hype knob is an interesting idea.
One of the fascinating things I experienced when getting seriously into modeling gear with the Ultra and II many years ago was that I learned a lot about the actual effects of different FX on my signal and signal processing in general.
I wouldn't mind a "hype knob" where one could gradually morph from an authentic model to an "idealised" version based on the preferences of the very fine folks at Line 6 with one important caveat: I want to know what was changed! If they tell me what they changed, I might learn something. If it's just a "black-box-this-is-more-of-the-secret-sauce-so-this-is-the-best-fucking-thing-ever" I'm not that interested.
That's an interesting idea, and I would love it (knowing specifically what Hype is doing), but I'm guessing Line 6 probably considers details of what changes they make to the Agoura models with Hype to be IP. I think the name 'Hype' is meant to be tongue-in-cheek and am willing to bet they'd never come out and say anything about a Hyped model being 'better', just different, with any judgement left to the ear of the user. I thought I heard them say somewhere that with hype they are just going in an shaving off some of the real world warts that commonly need addressing somewhere else in the signal chain.
But if we ask nice DI might get them to add some text that says general things like "tightens up the bass" and things along those lines. They have given some broad brush descriptions of a few of their original amp models, but nothing too detailed that I recall.
Regarding your second post, maybe you're conflating Hype with Focus View? It essentially, using the amps normal controls, provides a few setting suggestions for iconic tones for the amp, and as you adjust it around, you can watch all the amp models control value parameters change. Maybe someday there will be more flexibility in Hype, maybe not, but I'd imagine a user-configurable hype is a nightmare of complexity. We might have to live with using what they give us, or not, despite what we want, but it's a cool idea to have more insight and control over what it does. I wouldn't want that much involvement with the nuts and bolts in terms of trying to reconfigure hype myself in general, but I get the desire.