Lucasfilm is too quick to cancel things. I thought the Acolyte was interesting in concept but poorly executed.
Would I have watched a second season probably not, but why cancel it for the fans that did enjoy it.
I feel like Favreau and Filoni projects will get made and they might cancel everything else, except for what has already been made.
Remains to be seen if the Rey movie and Dawn of the Jedi are going to still happen.