It’s not as good as the original Frasier, in my opinion. But it is entertaining. What the reboot needed was a willingness to dive into complex emotions. The first episode of the original series deals with anger and sadness. Frasier and his father end up fighting and they end the scene with a dramatic fade to black. The new series doesn’t take risks like that. It follows most modern sitcom conventions: too afraid to allow some drama to contrast the humor.
But it’s still very good. And they do have some dramatic moments as people navigate their relationships. But they just pull back the punch a little too easily in most cases.