Of course, as the film never even got its test footage out, it’s not worth drawing too many conclusions.
The big question is when this would have been set.
Whether it ever gets made is up in the air, although you can bet that now word of a teaser reel is out fans will be clamouring for a look at what might have been.
It’s worth noting that EW call the film “a Boba Fett/bounty hunter movie”, meaning that while everyone’s favourite Mandalorian would have featured, the story focus would have likely gone wider, raking in a wider team dynamic or exploring the culture of galactic bounty hunting.