My first impression is that it's even quirkier than I'd expected. When the film's festival schedule was announced, I was surprised that it was described as a comedy. Based on the story, I had expected this to be a very serious picture. But it looks like it's going to be much more along the lines of Soderbergh's other films like the Ocean trilogy and The Informant!, as the trailer notes.
It's definitely not a glamorous role for Meryl, and I'm sure we'll see some deeper scenes than the trailer suggests. It looks fun and colorful, but maybe too campy for the Academy?
It'll be very interesting when reactions come out after the Venice premiere this weekend.