Not inspired by the trailer. Looks like AI is doing a lot of heavy lifting. Although it's probably more visual effects artists not given the time or budget to get good results for too many scenes.
The original wizard of Oz is 80 years old and still looks good. This looks kinda dated and marginally passable today, I bet it will age dreadfully.
So depressing how they spend so much money on movies these days just to turn out something that just about does the job, rather than make a timeless classic.