There has been two sides to this. One side was upset and didn’t feel like this was “New Warriors” – but rather “Squirrel Girl and Her Amazing Friends.” The other side, mentions that they had a nice mixture of New Warriors – including Speedball (who is an all time favorite) and Night Thrasher (the one who founded the New Warriors). It also included other members that came from later volumes such as Microbe and Debrii. So the only two non New Warriors was Squirrel Girl and Mr. Immortal.
I personally would have loved to have seen this become something. If any other reason – even if it was written more of a “Squirrel Girl and Her Amazing Friends” – it would have potentially made New Warriors a household name, which in turn would have stirred interest in the New Warriors, including the original volumes. And who knows what stories might have come of this? Was there plans for Silhouette? Midnight’s Fire? Chord? And other characters who are historically tied to the New Warriors! (Could we have seen a story with Namorita? Justice? Firestar?)
I guess all we will ever have is…