The second view points one in the direction of Realized Eschatology. The third view points one in the direction of post-millennialism. In reality these alternatives, except the second, do not offer much help at all. In fact, they only compound the problems when one considers what the New Covenant has to say about Isaiah's prediction. Isaiah and John on the New Creation Undeniably, John, in the Apocalypse, speaks of the New Heavens and Earth.
Few commentators deny the connection.
In Revelation 21-22 we have the description of the New Creation. It follows the resurrection in chapter 20. What we see then is that John is told that his New Creation is that predicted by the Old Covenant prophets. It was Isaiah. The undeniable link between Isaiah and Revelation poses this very perplexing problem.