Alien 3 isn't as bad as many say, but it really is a mess. I take it for what it is, an interesting idea fucked up by too much studio interference. I even like Alien Resurrection more than most. Its next-level weirdness, especially with that creature at the end, actually works for me.
So anyway, this looks pretty cool from what we can see. A new female protagonist; fitting for the Alien franchise. Never heard of Fede Alvarez, though I've heard of some of his movies. Horror cinema, especially modern horror cinema, isn't really my thing, but in a way it seems appropriate for an Alien movie and could be very cool, so why not? Dan O'Bannon in the writing credits is also a good thing (original Alien screenplay).