Yes... EVERYTHING that DC has done since Smallville hit the air is just another "Elseworlds" story - although I hear that Justice League 3000 is set in the future of the *real* DCU so I guess I have to check that out now :)

My true hope for this show, and I'm not sure how willing they are going to be to do this, is that they don't serialize it too much; focus on individual 1, 2 and 3 episode story arcs. Everyone scoffed at Agents Of Shield for that, but by golly it WORKED!