Is it git-based?
Well, if the new 'Project' is in any way 'git-based' it might be worth doing. (Just don't force me into it if I want to use git)
I have known a manager or two who swear by 'Microsoft Project', in the past. I don't use it, but they did. I considered writing a simple spreadsheet to do most of what it did, though... [it would require some manual fiddling but would accomplish the same goal].
It's hard to say whether I'm happy about it or 'meh'. I hope it works, a lot of managers seem to like 'MS Project'. Usually I work in a very small team where it makes no sense to go through the effort to use, though.
(on an unrelated note, visiting the link from the article to the blog site announcing 'Project' got me that dreaded "Forbidden nginx" 403 error. because, I'm using noscript, and those web developers responsible for this are [insert deadpool-worthy profane description here].)