Being relatively new to the hobby (2 years), I find it hilarious! Would I watch it? Honestly, yes I would watch.
Unfortunately, the public wants to see a train wreck.
As a hobbyist, I'd love to see restores and the collections of rare finds, but that won't sell to advertisers and the networks.
I'm a huge fan of Deadliest Catch, but that program without drama between crewman and the crazy injuries, it would have only lasted one season.
Is this program good for the hobby? No. Awareness? Yes.
Will the program come to fruition? I'd say no.
Being a newbie, I can say that I haven't met a bad person in the hobby! Everyone has been super cool with every dumb ass question I've asked.
I have to say that I did get a good laugh out of it though.