Yeah, at the end of the day, good pratical effects won't make a good story or not.
But people seem to be excited about Fede's pitch/premise too, although they can't really discuss because of spoilers and possibly NDAs.
The movie will also get a theatrical release (after what we thought would go straight to streaming), so the studio seems to have some sort of confidence in it.
As long as Fede's movie manages to be a solid horror movie (in a scifi setting) with interesting and believable character/dynamics, while not treating the Xeno as a generic monster, then i am good.
I already have faith in the production aspects of the movie, such as cinematography, soundtrack, etc, so all i need is a plot that feels deserving of Fede's talents as a horror director.
