Everyone WANTS "a piece of the action" with SW and some that have got a piece are rather dubious; a vaporizer/humidifier painted to look like R2D2? What the Force?
The Evil Mouse will milk the cash cow til it dies so I wouldn't count out a Netflix series at some point, and if it would be good I'd welcome it, but I'll believe it when I see it. Which I don't think we ever will of this older concept - whatever they wanted to do with the live action series they were once developing might get reworked into part of Rebels or some other movie or game project down the line though.