Going by the various Outer Limit and Twilight Zone reboots, this won't be as good as the original. But it's not like we have a lot of anthology horror shows to choose from these days. ("American Horror Story" isn't really the same, it's more like a True Detective style mini-series.)
By the way, anyone check out M. Night's latest horror movie, The Visit? Spoiler alert: It's actually good. I know, I was just as surprised to hear it as you probably are. It's well crafted, fun and scary, and basically nothing like the stuff he's been doing lately. If I had to compare it to anything, it'd be Signs, oddly enough.