Nope. See below for reasons.
1) I can't imagine any network willing to spend the money to pull off decent special effects. Take "Once Upon A Time" as an example. It's a hit show on a network owned by Disney and it still has really bad cgi and green screen scenes.
2) MotU is a toy franchise so it'll never be as "adult" as Game of Thrones. At the same time, the suits will want it to appeal to the teens and the twenty-somethings. So I'm guessing they'd want the show to focus on Adam's life moreso than He-Man. Which isn't a bad thing mind you, but a lot of the time this leads to sci-fi/adventure show being a not so cleverly disguised teen drama (think Smallville).