It depends on the script and the story. It might work, that's always the real test of any film. Its not going to be rubbish because its a female cast, its not annoying because its a female cast. Its annoying because its not really done for the right reasons.
Its parasitical in concept, bad enough not being original to begin with, you can just see the pitch "this time with women!" and that's it, that's the hook. Its typical lazy Hollywood demographic hitting bullshit. It will be a kids film, sanitized and tamed. To get in as many people from across the demographics as possible in to see it.
TBF I actually don't mind Melissa McCarthy, its not everyone's cup of tea, but she is good at what she does. Kristen Wiig is actually a brilliant actor, it has to be said. No idea about the other two though. So we shall see.
I hope they actually make it nothing like the original to be honest. Then its really nothing to do with it, except in name.