It is not good. Sorry.

For one the entire premise is dumb imo.

the fact that netflix says they aren't going to be doing projects like The Irishman but will continue to put out content like this makes me mad enough to not watch this show out of spite.

It makes sense for them though.

The Netflix business model is having lots of content for everyone, so they need many hours of varied content for people to consume each month. They need movies and shows that will keep and lure subscribers of all varieties, and they need to add content at a volume/pace that people won't burn through it faster than they can produce it.

Netflix users consume 6 billion hours of video per month while generating roughly $1.75 billion in revenue. That's roughly 30 cents an hour. The Irishman was viewed 64 million times for a total of about 224 million hours. However, it cost $160 million, and its cost per hour viewed was 72 cents per hour, well above what people are paying in terms of consumption.

A show that costs $2 million to produce and delivers 8 40 minute episodes only needs to be viewed by 1.3 million people in its entirety to come in below 30 cents per hour. That kind of content also generates over 420 hours of content that can be spread across dozens of genres. It is far cheaper and far less risky than making megabudget films, regardless of the quality difference.

If they want to make films like The Irishman, they have to have A LOT of very cheap content that is heavily consumed to average out their costs. If they're bleeding subscribers and revenues, they simply can't afford it.