In this particular instance the "tradition" is for something that is not worthy of such praise--that being the current rotary. The current rotary is a rubbish engine, especially when having to haul around a curb weight of 3,000lbs with 212bhp and 159torque to work with. That is 300lbs more than an FD RX-7 by the way. At least the FD RX-7 had the option of twin turbos from factory, and that made up for the lack of overall power with 255bhp and 215-ish torque. And it was a smaller engine.
Am I happy that the V8 will go by the wayside in my lifetime (sooner probably than later)? Fuck no. But, if smaller engines produce the same amount of power/performance and entitles the "fun stuff" like Mustangs, Corvettes, Nissan Z cars, Merc AMGs, BMW Ms and or the Jags of the world alive then that's the price we must pay as enthusiasts.