I'm definately gonna watch. This isn't Star Wars, this is BG. The series had great special effects, but not so super scripts.
Olmos (the new Adama) has said that fanboys of the original series probably won't like this, so if you're a card carrying member of the Dirk Benedict fan club and just spent $750 on a set of 'Bonanza' VHS tapes so you can imagine Adama riding a horse in the wild west, then this might not be for you.
If, on the other hand, you liked the story idea and are curious about what they'll do with it, it's worth checking out.