I watched it. If it wasn't Iron Man, I probably wouldn't continue watching it.
I'm not sure it is
Iron Man, character names and armor design aside.
Of course, it isn't necessarily a bad thing to reinterpret everything about a character besides the name and costume. Check out the streaming episodes of the '70s Japanese Spider-Man
series that come out every Thursday on Marvel.com. It was sort of a direct ancestor of the Power Rangers
, with Spidey reinterpreted as a sort of ninja given his powers by an alien to fight other aliens, and using a giant robot to defeat the monsters-of-the-week. It's ridiculous and repetitive, but certainly more fun than the American live-action Spidey series from around the same time.