This could have potential but they need to break away from some of the preconceived notions about power rangers.
1. This is no longer the era of toys. So you can’t have selling toys as your bottom line and using that to influence storylines.
2. It’s not little kids that are going to the power ranger conventions. So while yes power rangers were marketed to kids originally the era that grew up with that has evolved. So if you want this to be successful you have to go to the source material that works and is slightly mature.
3. Use the best source material. Boom comics. Power rangers in space. Power rangers time force. These shows struck a perfect balance between what power rangers was known for but elevated the storytelling beyond what we were typically expecting from power rangers. They are finally appropriate and you can see how these sources could easily bridge the gap of an adult audience and a younger audience.
Power Rangers could easily provide an alternative to the Marvel/DC properties if done correctly. I’ve always believed that. It comes down to the writing, understanding the times, and good action (they’ve been ahead of their time in this aspect more often than not).