Nah, the Craig series is clearly a reboot. There would be too many contradictions otherwise. One of them being Felix. Remember, in Dr No, Bond never met Felix before. If CR was meant to be before Dr No, they should not have had him meet Felix there.
As for OHMSS, honestly, I don't think it would work. First off, he would be getting married way too soon to Vesper dying. In the books, the reason he never really got into a serious relationship was because of Vesper until he met Tracy (which was the 10th book, years later).
Now I would not have a problem with them doing new adaptations of Fleming's stories with Craig, as the books are extremely different from the movies. They could easily get a way with it, especially if they made the newer movies closer to the books (like having Moonraker be the name of a missile and Drax is a Quantum agent).