I dunno, most Sci-fi movies that come out ARE basically Sci-Fi channel-esque movies with a much bigger budget. Its not that all the ideas for SFC's movies are BAD per se, but they just have no means of making them work due to lack of funds. However, what I think might actually WORK in its favor is Vin Diesel. His straightforwardness keeps the movie from becoming mired too much in the usual sci-fi technobabble.
Anyway, I still think it looks pretty good and I do hope it turns out well, because it'd be nice to have another good epic series to look forward to.