iirc some P* members worked on DMC4 and Kamiya said he studied it a bit during Bayonetta development.Bayonetta 1 and DMC4 already share a *lot* of surface-level story beats and tropes. I think that if anything they probably want to shy away from that.
I mean, if Bayonetta faced demons in Bayo2 , then it is time for Dante to face angels in DMC5.It'd be awesome if they mantain that fascinating parallelism between the two series.
I don't think a few in-jokes here and there would be harmful. If anything, it would just be a few winks/nods to fans of both series, much like Bayo1+2 did to DMC itself. And it's not like the two series are really in that much competition with each other, at this point.
For example, Trish's Japanese voice actress also voices Bayonetta herself in the JP dubs. Between that and the hint from the Bayonetta side about how Eva herself was a witch, the jokes practically write themselves.
Agree. Hopefully Itsuno and his team know Bayonetta and P* very well(they are their Capcom ex-collegues after all. Kobayashi and Kamiya are still good friends iirc).