Yeah, if they're gonna go that route I'd rather they just do a different show under a different name.
Maybe they figure the 'Xena' name will sell it, but if it's not Xena (and I mean the shows character, premise and setting, not the actress Lucy Lawless - although I'd prefer her in the role - ) it's not Xena. *
I guess they can't call lit Hunger Games the Series since that story is being told elsewhere, and rights issues, etc.
"But hey, we've got the rights to Xena! Another strong female protagonist!"
I could be completely wrong. I dislike it when people decide something is going to suck before they've even seen it, but this idea really does seem to suck, linked to Xena.
*If they're gonna do Xena I'd rather they did a sequel continuation rather than a reboot, anyway.