Well, it's nice to have The Orville while it lasts - a smart, entertaining space adventure show like the original Star Trek, with likeable characters who don't take themselves far more seriously than the writing justifies.
Everything that STD has failed at.
Smart is not how I would describe the Orville. It's only if you consider copying your essay from someone else's written 30 years ago that got a C and add a few jokes while dumbing it down across the board with slightly updated references but maintaining the 30 year old cliches and stereotypes.
As far as I am concerned Killjoys and the recently departed The Last Ship offered a much closer TOS vibe than Seth's vanity project ever has. And at least they haven't stooped to the laziness inherent to wholesale copy and pasting while drawing dicks in the margin.
The Orville has lost 70+% of its debut audience, and continues to bleed ratings precisely because its little more than dumbed down filler 30 year olf TNG episode drafts along with colorcoded uniforms and beige sets to make nostalgists swoon. That's what I call a failure. Disco has instead done all what CBS has asked of it and more, unexpectedly high subscribing to CBSAA, lots of chatter about the show around the world, enough to greenlight multiple spinnoffs for fans of the present and future. So, no, not a failure in any meaningful way (other than pandering to TNG nostalgists, canon worshipers and Orvillies) and a huge success in all the ways that actually matter.
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