The show is a modern fairytale about an evil queen who realizes that running a Queendom isn’t easy when you have no people skills and everyone hates you. But with a little help from her staff, she will try to change her ways.
So the quote seems to indicate someone watched a few episodes of Once Upon A Time, sympathized with Regina's character and her groaning at the rest of the characters (who run around declaring loyalty one week and changing their minds the next) - with a little magic mischief thrown in the mix, and thought: "Ya know? Being an 'Evil Queen' boss of fairy tale people would be so frustrating - it would make a perfect workplace comedy!" And someone at Fox said "Yeah - we need some sort of property to get a piece of that profitable fairy tale pie - let's do it!"
(Um.. ok then!)
The show will be half an hour long and the title is: Queen Of Everything.
No mention of a series, so it appears to be a single-show project for Fox. Not sure how they intend to slot it into Fox programming, especially as a one-off (I can see this better as a short series). Fox doesn't have any other real fairy tale properties right now, though the two dramedy/fantasies of Almost Human and Sleepy Hollow show the mix of magic and wry one-liners should work well for their viewers.
I'm being optimistic. Are you being optimistic? Because ya never know... and Regina is the most consistently interesting character in OUAT so... *shrugs*
No word on who's designing or animating yet, although Ali Waller (American Dad, Late Night with Jimmy Fallon) will be writing, so there are lots of ways this could go. It's going to be a tough one to pull off well! Hopefully Ms. Deschanel will use her star-status well and get really skilled people on board who can make something surprising and fun out of this, because, honestly, the premise is a little cringe-worthy (and the writer isn't exactly known for having a subtle touch). I guess we'll just have to wait and see...
(Note to show: please prove my gut reaction wrong and make this awesome.)
Sources: HERE & HERE