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If your story hinges on understanding an alien culture it makes more sense revealing that to your audience in ways that they find easier to process and understand. A short video clip of a living creature in motion conveys information about it far more effectively than a text summary.
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I disagree. Thinking about this subject, Watership Down was able to convey a world from the perspective of rabbits very effectively, and while they're a far cry from aliens, their culture is not inherently human, even if it draws many parallels.
You mentioned Lord of the Rings as including different species of human-like characters, well I'd argue that Oddworld's species, at least the core group of them (muds, gluks, etc) are easily comparable to human cultures, perhaps more so than Tolkien, at least in a modern sense. Abe was created to be the most humanoid character for that purpose, so he was relatable to the audience, and Oddworld's cultures are merely archetypical of our own.
With that being said, I would still be more than ecstatic seeing a fully-fledged movie of Oddworld in the same style as the original FMVs.
On the subject of 'real canon' though, you're the first person I've seen online who actually understands the concept of a relative canon, Manco. Kudos.