Are "Aquaman" and "Submariner" now redundant?

Had totally forgotten that this was supposed to exist until this trailer popped up today on Dark Horizons.

"Empires of The Deep" is being referred to as the biggest U.S./Chinese co-production ever at a $100 Million budget, but supposedly the "Chinese" side of that is almost-entirely from a single China-based Real Estate billionaire. I like how nobody even bats an eye anymore at the idea of a supposedly-"communist" country having billionaires, incidentally...

The pitch? It's "Avatar" meets "The Little Mermaid," with a human hero traveling to an underwater kingdom and getting swept up into an epic war between rival fish-person nations. Naturally, it's in 3D (something you need to understand about the 3D "thing" right now: Chinese audiences are madly in love with 3D - thats one of the biggest reasons they keep doing it.) The early buzz is that it's a "Dragon Wars"-level fiasco in every way except the effects (scale wise, at least), design and action stuff:




So... probably a camp classic waiting to happen. Still, I can't look at the "bigger" parts of this and wonder why I seem to be the only person who can totally see how "Aquaman" could actually work...