I think audiences really aren't going to be able to take this seriously. I mean, as bad as Cowboys & Aliens turned out to be, it had a good initial trailer that established its serious tone, and people still thought it looked stupid. And that concept (IMO) wasn't even as outlandish as people made it out to be, because Weird West has been a genre for decades.
This, however, is something that I think people really aren't going to get. I think it might have stood a chance if they made it comedic, but my guess is, this will get the same reaction that C&A did, or worse, since this film doesn't have any big name actors in it.