Like the ill fated "That '80s Show" this is likely doomed for failure and for the exact same reasons.
The show spends a lot more time making fun of the technology and culture of the era than it does actually developing characters and a story line.
There are only so many jokes you can make about "This is what microwaves used to look like," and "Remember Bob Hope, he was a thing," before it gets stale. And by that I mean 15 minutes into the show the comedy approach of "this was a thing, laugh at how old it is" wears off.
And, unfortunately, that's really the extent of the humor that the writers seemed to have planned for the series.
So, if a stream of "remember this, it was a thing, let's mock how old it is" is something you can sit through for 30 minutes, this show if for you.
For the rest of us, it's not even nostalgic. It's just a horrible attempt at humor. And an attempt that, despite the best efforts of the cast, falls short when compared to "That '70s Show's" focus on the characters more than the era.
The setting of the show should just be that, the setting. When the setting becomes the plot itself and the source of the humor it falls flat.