I give this zero chances of making it based on two reasons...
First, is there anybody (besides the studio) demanding more from the series? Are people just highly anticipating more product. After 25 years, I think folks just have fond memories and otherwise don't even think about it.
Secondly, the Eddie Murphy as Axel Foley makes up a good portion of the success. Very few actors could do what Eddie did. The rest of the success goes to character and the story line.
Sorry, I just don't see it.
I've been wrong before... look at Hawaii Five-O. People love cop shows. (shrug shoulders)