I could go either way on this one. There's no great cache of lore to betray, and everybody already sort of plays Minecraft how they want. It actually could work as a fairly generic but charming Jumanji clone.
It could also suck donkey cubes. I'm just saying the licensed IP isn't really going to make or break this one.
The few bits of lore that exist are probably going to be fumbled. I really do hope they do just have herobrine in the background of some scene. The trailer looks like they are going all in on hoglins, which I'm completely meh on. Endermen are probably too scary for a little kid movie tho.