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Nah I'd much rather they go back to releasing 1 champion every week or every other week.
They promised they'd rebalance the game instead of releasing more champions and look what the got us? Hextech crafting, tons of skins, some shitty gamemodes, removal of dominion, ward skins nobody uses, and reworks everybody who played the pre-rework champion hates. Riot doesn't give a fuck about customer loyalty.
do you have any idea how little time they already can spend on individual champions because of the sheer amount of them? if youre lucky, your main gets attention once every year even if hed need more changes sometimes.
they have different teams for big reworks, live balane and new champion creations. but the more champions are created, the more the live balance team has to split their focus on an ever increasing champion pool. you simply cant balance 50 champions in one patch, even if youd expand the balance team. because the impact on the game as a whole with such a huge patch would be too large and at some point trying to balance too many champions creates more imbalance than before.
and thats not even considering the technical side. how many bugs patches of that size would introduce.
if they release 300 champions or 500 champions, they can still only balance like 5 to 10 champions per patch. which means they wouldnt have the capacity to work on most of the champion pool for years.
also, the game environment becomes more and more unstable with every new release. every single item change can affect dozens of champions and push some of them into garbage territory and make others broken as fuck.
we have so many champions aleady that need work or a rework. they already cant keep up with them anymore.
by the time theyre done with a handful of champion updates, the previous hand full is already outdated again.
they have two rework teams right now. realistically theyd need like 5 or 6 teams who are busy with full gameplay updates to some champions to finish them by 2019.
champions theyre already planning to give a full rework, and some others that might need a small scale rework or at least a hefty amount of work are

the list is really fucking long already. and those arent dealt with one single rework some times, as youve already seen with the repeated ryze updates.