This news is... odd. If it is true, then I wonder why it was scrapped; the only two real things I can think are that it's good and Disney wants to use it under one of their own services rather than Netflix, and there's a lot of legal navigating to do there, or it is bad and they never want it to see the light of day.
To be honest, as interesting as this little tidbit of news is, I just quite frankly don't care about the AVP license at all these days. If it releases will I watch it? Sure, of course I will. And I would love for it to be good. But Alien vs Predator just really isn't my cup of tea and I was totally fine with the idea of the two franchises going their separate ways for good after 2007.
I said it before, but my preferred take on Alien in animation would be a sort of anime anthology, a la The Animatrix or Halo Legends, showcasing a variety of creative teams and art styles.