No word on if it's a reboot or a sequel film, but it'll focus on a retired Tuskegee Airmen. Just don't change the helmet or the jetpack, & I'll give it a chance.
deadline.com
EDIT: The more I've thought about it, if they're calling it the 'RETURN of the Rocketeer', then it'd stand to reason that the movie history would still be intact. I think that makes the chances of this being in continuity pretty high.

‘The Rocketeer’ Making A Comeback On Disney+ With David Oyelowo Producing & Circling To Star; Ed Ricourt Penning
Disney is reviving The Rocketeer with a new Disney+ movie titled The Return of the Rocketeer.

EDIT: The more I've thought about it, if they're calling it the 'RETURN of the Rocketeer', then it'd stand to reason that the movie history would still be intact. I think that makes the chances of this being in continuity pretty high.
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