I liked it. I don't know if it will have legs, but I liked it.
The Cigarette Smoking Man does seem to know something in the future.
I can believe the technology that FutureCop has.
I don't think the show is a ripoff of either Time Trax or Time Cop. Time Cop was more about preventing the misuse of time travel than anything else, while Time Trax, as I remember, was simply (mostly) about rounding up the fugitives. Continuum is more nuanced. If nothing else, the criminals have a goal that they themselves can't really benefit from and, if they had avoided collateral damage, they could almost come across as being the good guys.