We already have a black Bond in Panther and a Bond Bond in Stark. Why do we need an Asian Bond? I don't think there's anything wrong with embracing the kung-fu origins of the character and facing him against enemies who are skilled in the martial arts, as long as the character is handled with dignity and respect. We could get some really cool fights that way. I also don't think there's anything wrong with some Bond-like qualities(sprawling nightclubs and dazzling fights with crazy weapons. Iconic villains and intimidating crime-bosses), but keep the martial arts. They shouldn't forget the importance of hand-to-hand combat or Shang-Chi's resourcefulness in his ability to use anything as a weapon. They handled the "anything's a weapon" aspect with Bullseye quite nicely in Daredevil's show. He felt dangerous. That's what I need for Shang.
And I do want Shang-Chi to be referred to as Master of the Martial Arts in the MCU. If Strange can get the title of Master of the Mystic Arts and Sorcerer Supreme, Shang-Chi deserves his own title. Let's respect the character's culture and embrace it, not run or hide from it.