I'm fine with it, so long as Bendis doesn't go all "Bendis" with the dialogue...
I wasn't a huge fan of Hurwitz' run myself and the Ultimate version of Moon Knight was an interesting enough idea that was underused.
That's right, I forgot about Bendis' Ultimate Moon Knight. That was a version that had no supernatural connection; he was just mad as a hatter. The 616 Moon Knight has had enough intervention and interaction with Khonshu that it would be pretty daft to simply want to go back to the "is he really talking to a god or is he simply mad" angle. It is possible that a writer could go with, "he's mad BECAUSE he talks to a real god", but aside for hints here and there, I've never really seen that explored. The problem is Bendis has never met any piece of continuity that he couldn't ignore, abandon, or dismantle at a whim if he wanted to, even the continuity built up by writers he in theory is closer to, like Mark Millar, or even contradicting some of his own.
I always think many writers approach Moon Knight from a wrong angle. They get hung up on the multiple personality thing and latch onto the loony toon angle. While it is a key detail, I always saw Moon Knight as a pulp type hero with that supernatural connection; at this point it seems obvious that an Egyptian god does really empower and aid him, or even manipulates and torments him. In a universe where gods like Thor and Hercules are still fighting crime, that's hardly unusual. It also isn't unusual that the mere pressure of that sort of thing could drive a guy mad, as Specter (or now Lockley) has been. After all, there's always been a saying that went along the lines of, "If you talk to god, you're a priest, but if god talks back, you're a mad man". Even Dan Slott, though, misses the era when that was more ambiguous for Moon Knight; the thing is, I don't think Slot would as actively just retcon everything to make it so again. Bendis would do it over lunch. And if you want a pulp hero who has been bogged down by one retcon after the next, look at poor Ghost Rider.
Moon Knight's always been a character who's been on the outskirts, a long time B or C lister. I'm not sure he'll ever move up but maybe that's not the place for him anyway. But, this is a character who first appeared to fight a werewolf. Denying the supernatural angle is a bit foolish to me. Gregg Hurwitz, at least, hasn't, which is fine. Actually, since 2006, the past few writers have not only depicted Khonshu, but made him act a bit more cruel than he used to be. I don't recall too many times when the god would all but rant at Specter to butcher people in his name and pain the town red before the Huston run; Khonshu would usually just torment Marc when he'd quit or whatever. I do like the angle of it being a struggle, though.