Oh there's definitely potential in the idea of the series. The boys trapped in some toxic dreamworld while the girls search for them and come to the rescue.
The execution is the mess. Its like zero effort was put into actually researching the histories of these characters or the series they were in other than a brief skimming of a wiki and social media. Fitzmartin retreads things that have long since been grown past and handled far better like it never happened on top of inventing conflicts and stuff that never actually happened just so she can make meta comments. The fake world isn't even well constructed. Its outright obviously fake from the start and with no actual indication that Mickey is messing with their heads (like little Kirby-dots or glowing eyes or some kind of power haze whenever the guys' minds get messed with) it really does look like someone stapled a whole store's worth of Idiot Balls to the team. Even the big fight is just coming off as boring padding that should have only lasted half as long as it has.