Funimation is not as bad as they use to be.
While I suppose Naruto could appeal to 4kids(considering that the cast are 13 year olds) I think there is too much, "realisitic" fighting in it(aka stabbings, knives, swords, punching, etc). But I guess it is still a possibility.
But I think ever since they acquired One Piece, that should have their resources tied up for a while, so they shouldn't think of doing another long series like Naruto.

Eh, as long as there are uncut DVDs I'll be fine.