Not really. One group views the e-word as dirty. The rest of recognize the e-word as being great for a wide variety of media. Star Wars, LotR, Song of Ice and Fire, etc. Just because you are uber sensitive doesn't mean I am going to alter (and butcher) the English language.
As for the question being posed in the OP, sure it can be GotY. RE2 was my personal GotY 2019. Wind Waker HD is top 5 all time for me. There is nothing wrong with remakes (or remasters) nor is there anything with wrong episodic media. Again, I don't get why people are so upset about accurately using a word to describe a game. It is silly.
I don't really have too much of a issue with the e word, I can see both arguments. In a way, going into this game thinking its some small episode could be a blessing, it may lower people's expectations and have them pleasantly surprised that it's not just 5 hours of story and fetch quests to drag it out. Either way, I'm enjoying it thankfully. It's the first Final Fantasy I've played in a long time where I haven't felt disappointed. And it's been a loong long time since that has happened. 20 years even lol. Square Enix should be happy I loved 7-10 enough to still follow the franchise.