Please stop talking about MCU stuff in a DC movie thread.
Anyway, I Ihink there's still a chance Shazam 2 stays fresh...but it'll be an "edge fresh" rather than like 75% or whatever would get people interested in actually seeing it. The reviews won't be the draw. Which means that it may not be a stinker like Morbius but it won't be compelling either.
I really don't get why they didn't bother having Sivana and Mister Mind be the villains this time if Black Adam was off the table. "3 evil witches do bad stuff" seems like a throwaway Power Rangers episode, not a movie most people would shell out actual money for.