Personally I am kind of pissed that they both announced this show as S31 and sent Georgiou to the future with Disco. Now we know that it is highly likely that either Georgiou or the whole crew will come back to a past time period sometime in S3. Yes there is a small chance she integrates into the future s31, but my point is that the announcement created a semi spoiler for s3. They could have just called it a Georgiou spin off and let out more details when they were ready to show something.
Do we actually know that, though? Correct me if I'm wrong, but I believe the source for thinking the Section 31 show takes place in the 23rd Century are the following quotes from Kurtzman in January:
“If you know Section 31, you know that by the time ‘Deep Space Nine’ comes around they’ve gone underground and they are this mysterious organization – but there’s nothing official about it. In the [season two] promos that you’ve seen so far, Section 31 has a badge. There’s a ship and all these different things, so the question is: how do they get from here to there? What happened in that window of time between those two pivot points in Section 31’s evolution?”
...which at the time was interpreted to be Kurtzman telling us what the arc of the Section 31 series would eventually be. But he doesn't actually say he's talking about the spin-off, he just says he's talking about a Section 31 story they're going to do.
Which they have now done, in season 2 of Discovery. Section 31 as it existed was all-but-completely destroyed, nearly every Section 31 operative was killed, and everyone knows Section 31's spycraft-gone-amok was almost responsible for the death of (say it with me one more time!) all sentient life in the universe. And the final story beat was Tyler being tasked with a "radical overhaul" of the organization. I need no more explanation than that to understand how Disco S31 becomes DS9 S31.
I'm guessing Disco Season 3 is some version of them trying to reform the Federation in a dystopic future. If it is that, Georgiou could easily spin-off into "Section 31 In The 33rd Century", that's her assignment in the recreate-the-Federation project.
I know some people here disagree, but I truly think there's a disconnect between how much the producers think their audience cares about Georgiou and how they actually feel about her. I know I certainly don't “love” her and think she “radiates incredible heart”.
I love that "wicked, devious, manipulative and yet somehow radiates this incredible heart" descriptor as a goal for the character. If they said that's what they were working towards, I would be excited about that as a direction.
It's not remotely what has been presented on screen thus far. If they think that's where they already are with this character, I find that worrisome. I would say we're at: "just barely beginning to show the first flickering indications that she MAY have SOME capacity to develop a heart."
Which is actually a better place to be, for the dramatic potential of the spin-off -- if she's developing a heart, that's a great series arc. Which they'll totally miss if they mistakenly think they've done it already. But I tend to love any version of "evil character dedicates themselves to doing good for whatever reason, even though their evil was so great the slate can never be wiped clean, no matter how much good they do."
I'm not so into "there's no genocide that can't be forgiven, as long as you have a way with witty one-liners."