Don’t fret, hack director Abrams will screw it up and turn the show into a real-life nightmare. Apple needs “content” and it looks like they're willing to scrape the bottom of the barrel to get it.
I don't know. I'm not a huge Abrams fan because he is so fixated on multiverse stuff that it seems to me like he forces that into works where it's unnecessary and even distracting.
But in this case that might be a real boon because Stephen King's works inhabit one of the most compelling and complex multiverses ever created. It's mind-bogglingly complex and inter-woven, with characters often meeting each other in different times etc. It's right up Abrams' alley.
Also, Abrams has already proven he can emulate the absolute best of what Stephen King is about. I know I've said it before, but Super 8 is basically "let's make a movie feels exactly like one of the best Stephen King books, and let's do it right".
The thing is, Stephen King has such a volume of work that, like his movie adaptations, some of it is really hit-and-miss. King's real talent is his characters, not his "horror" elements (which are really SciFi elements for the most part). My personal theory is basically this: When Stephen King has a specific plot worked out and then forces characters to follow that plot you generally get an OK story. When Stephen King has characters and plot in his head and more or less lets the characters lead the story where they wish to go you get some of the greatest writing of our generation. Often you get this in the same novel, which is why some of them seem to start off so brilliantly and then degenerate (IT, for example, starts of so strong, so compelling, and then deteriorates as the novel progresses. So does Dreamcatcher).
My recommendations on getting started with King (also, the audio versions of many of these are very well-read. So if you don't have time to actually read them that's a good way to go):
Joyland
Heats in Atlantis
Bag of Bones
From a Buick 8
11/22/63
Mr. Mercedes
And too many short stories to count, especially "The Body" (The movie "Stand by Me" is based on this)
Personally, I would love for someone to do a Stephen King multiverse series, in which all of his stories as set in the proper times and very closely follow King's actual writing. There would be some many great moments, plus it would allow his incredibly complex multiverse to interact properly. For example, the movie IT is set in the wrong period. This means that if they do a proper version of 11/22/63 (not that awful mini-series that was on Hulu), Jake will not be able to meet Richie and the "Bevy from the levy", because that happens in a specific year. Getting someone to do King right would be season after season after season of great stuff!