I can't say I'm too excited.
They say it will 'rival Disneyland Paris', but I've got the feeling it's only in size. What has paramount got to offer, really? Can you name a few paramount characters that you'd like to see rides based on / see walking around the park? Paramount is also focused on a much older audience in their movies, so I can't see it be all that child friendly.
I've got the feeling it will be more like Six Flags / Alton Towers than Disney.
On top of that, they haven't even gotten to the planning permission stage yet. Chances are high it will fall through all together or be no-way near what they're planning for right now.