Could be... Interesting...
I have never really liked Minecraft, but you have to give Telltale Games credit for making a story based game based on a series with next to no real plot whatsoever. If Telltale can make this good and creative, then they could probably make a game based on anything. It's also quite nice to know that they may still be doing more lighthearted games in between all the darker games like Walking Dead and Game of Thrones. I mean, yeah, Tales of the Borderlands is also apparently lighthearted as well, but Minecraft Story Mode will probably be completely different. But maybe Telltale could blow away everyones' expectations and make it genuinely dramatic. Doubt it, but who knows, it could happen.
So the game is also going to be inspired by the Minecraft community? Ok, I don't even know what to make of that. Let's just wait and see before we judge the game.