I think you could rework Concord to make it be appealing. Add some more modes, completely rework the character designs and add some new ones, and maybe add a short single player campaign. Get rid of the toxic character designer and whoever it was that made people call them "The Professor." I think you'd see a fair amount of good will from certain segments of gamers at that point, and maybe it could start a snowball effect.
However, I highly doubt that happens, and my guess is they will hit the chopping block, with (hopefully) some of their talent being absorbed by other PS Studio teams.
Edit: I would also rename it. People would still know, but it might help get the stink off a little.
Owner of PS4 Pro, Xbox One, Switch, PS Vita, and 3DS