Finally started watching FARGO (the tv series), and damn - I like it!
If the Alien tv series work like a FARGO in space mixed with OUTLAND, mixing in all the elements of corporate greed, govt/military corruption, the drudgery and everyday life of colonists, space truckers, contractors, Colonial Marshals, company employees and higher-ups with the brief presence of Colonial Marines at some point, while slowly leading up to the first real Xenomorph encounter, I think we'll be in for a treat. I picture a crime thriller drama set mostly in space, inhabited with sparse dry dark humor and "real people" everyday characters. But as the show progresses the veil slowly reveals tantalizing elements of mystery and big portions of lurking horror and dread.
As mentioned earlier I think it would be great if the show takes place shortly after W-Y went under, leaving a power vacuum for lesser corporations and players to fill while shamelessly scavenging on what W-Y left behind. There could be this mysterious ship with its even more mysterious cargo that mysteriously disappeared at some point between the events after ALIENS and before the end of A3 (hinting that it has something to do with whatever happened on Acheron). The ship and its cargo re-appeared then to be hijacked again... Much later in the season, after many false leads and parallel story lines, the ship is finally located and tracked down at some outer rim seemingly completely abandoned facility, and this is when speculations and rumors about the Xenomorph turn into real encounters, because we all know what was onboard that ship.