It would be based on Star Fox 64. Imagine the feel of the Death Star attack from the original Star Wars, captured in an animated (preferably CG) TV series. Since Star Fox 64 had 1 level per planet, each episode would be a different planet. The episodes would follow the same basic structure, but more of the plot (i.e. Fox's father, Pigma's turn, Star Wolf, etc.) would be revealed along the way. The final episode, of course, would be the final battle with Andross on Venom.
Whaddya think?
And of course, Peppy would have to say "Do a barrel roll!" at least once.