Are there enough woman in the sport with enough experience to join this and not have it look like a bunch of amateurs? There will be a lot of eyes on this initially and you don't really want it to be a complete shambles. Some of the more well known names like Legge, Simona (who would probably be a title contender) probably won't take part, so we could get some real fresh drivers in the field. I hope they give them a decent amount of testing first. Imagine if it's a bunch of Milka Duno's running at 70% speed of what the men are running at.
If the goal is to get at least 1 female to F1, then this series probably will really help. Because at the moment you've really got to dominate feeder series and have backing, it could be another 50 years before a female manages to do that when 99% of your competitors are male. Odds are so stacked against them. But with FIA backing the winner of this series, if they manage to finish highly in something else will help the required points to get a F1 seat, and you know F1 will want a female racer for their brand even if they aren't the next Lulu Hamilton, Maxine Verstappen, Daniella Ricciardo or Kimberly Raikkonen haha. A Lacey Stroll might be possible though