I have two reasons to not write this off:

1. Picard S2 would have been just fine as a 2-or-3-part episode, and not a 10-episode full season.
2. The first 4 episodes of Picard S3, watched together by themselves, become the second-best TNG movie (after First Contact of course).

If they were announcing Picard season 4 I’d just groan and ignore it. But I think the cast and crew could actually pull off a decent 1.5-2 hours of good entertainment.