I love the idea of a "what if?" show, showing multiple different possible timelines. They did great on the principle of the idea. But it seems that they forgot all about that principle the minute they actually started making the show.
This is not a "what if?" show, it is a a copy and paste of previous works. It seems that's all Disney knows how to do. The Star Wars Sequels are all copy and pastes of the original films. The numerous live action remakes of Disney films are quite literally just copy and paste. And this first episode is just blatantly the same story we've already seen Steve Rogers go though, except this time it's Peggy. Loki was good and Wanda Vision was better, but this is just terrible. It seems like the writing team mistook the title "What if...?" for an excuse to make some feminist fanfic and post it on Disney plus.
It feels dangerous to criticize this show out of the fear for being "cancelled", but let's be honest, it seems as though the show should not be called "What if...?" but instead it would be more accurately labelled as "Gender Swap...!".