Because it's a complete reboot, I'm giving it a lot of slack. If I were a kid today, I would probably love it. As an adult who grew up with the original, it's a bit disappointing.
They do give reasonable story lines to some of the changes they made, if a little cliché at times. I don't know that the cyberpunk feel is right for the property. It's grown on me over the 10 episodes, but it's still a little weird. It really bothers me that He-Man skips leg day. EVERY DAY IS LEG DAY! And the wannabe "imagine dragons" theme song is just awful.
Also, making the shift from a hero-focused story to an ensemble team story, somewhat reminiscent of power rangers dynamics, feels odd.
This is not at all the He-Man I grew up with, and it's not how I would have done a reboot. I don't believe we needed a hard reboot like this. The 200X series was the right way to do a reboot (and it had things I didn't love as well...) But it's not terrible, and it's orders of magnitude better than Kevin Smith's travesty.