As a long-time Magic fan I'm not sure what to make of this.
On one hand Magic has the settings and style of a big fantasy blockbuster movie. The art design is striking and excellent, there's plenty of dragons and angels and demons and sphinxes and hydras all going at it with each other, the various Planes have more than enough to hang a movie script on, and a single full duel animated with a couple of million dollars would look glorious.
On the other hand the overall story behind Magic is generally pretty meh. Most of the planeswalkers just aren't interesting and the novels range between mediocre and awful. In my experience the individual settings, ideas, creatures, and lore are much more interesting than anything that Magic does with them. This is fine when all you have are a set of a couple hundred cards that depict snapshots of the setting, the ideas, the creatures, and the lore, but Magic has a poor track record when trying to pull it all together.
Well People say Game of Thrones was a good series, so we'll see. Maybe a determined adaptation writer can put together something more pleasing than Wizards array of mediocre pulp writers.