The first 3 years of the live-action show were some of the freshest, best-written and funniest sitcom episodes at the time. Few people saw them when they aired because Fox had very small audiences at first.
The show gradually became one of the lamest, most poorly-written things on television. I’m guessing this version will be more like the later live-action seasons.
I’d not count my chickens. Not saying it isn’t happening but a project announced doesn’t mean anything until it’s getting worked on. AND there’s been that problem with studios canning stuff lately. Mostly WB Disco but not exclusively that.