This is Iron Man 2, but for Favreau Star Wars.

It doesn't make a lot of internal sense, it isn't very fun to watch, there's a ton of money being thrown at it and it looks really good, but it's just extremely half-assed and disappointing as a television show, although it's very likely this will end up being key to 3 or 4 other Star Wars shows that will follow after it.

(Worth noting: For all the setup Iron Man 2 ended up doing for the larger MCU, it's still arguably bottom 3 all-time Marvel films, and Favreau was removed from the creative teams going forward. Probably won't happen here, though)

Mandalorian doesn't know how to be what it was, and all it really wants to do is set up a bunch of other shit. Favreau is 100% focused entirely on MYTH and "LORE" and the problem is that he sucks at that shit, and also, it's not that important to why the show was beloved in the first place.

Mandalorian S3 is primarily now setup for the live-action Rebels sequels that Ahsoka and Skeleton Crew will likely end up becoming. And that version of Star Wars, might finally be what people have been hoping Star Wars would become for awhile now (a completely separate-from-the-saga thing set way far away from anything familiar) but it looks a lot like Mando S3 is gonna suffer for it.