This show is entirely watchable, and works in a mode of modern fantasy in many ways first defined by the ASOIAF books - political, military and individual machinations with realpolitik and power at their centre, and magic woven into the backdrop rather than foregrounded. Even here, while dragons are depicted as both source and symbol of magic in this 200 years prior to Game of Thrones Westeros, they're primarily treated as being like any other resource and source of power, albeit an overpowered one (to me they don't really register as characters in their own right).
There's an article that diagnoses the problem with the later seasons of Game of Thrones as being that the show's storytelling shifted from being primarily sociological to primarily psychological; House of the Dragon is probably more evenly balanced across its first two seasons. I'm not sure if that's related to how slowly its events move, building up towards fullscale war rather than focusing mostly on the battles themselves. There's still some intrigue in where it's going, although probably more so in how it gets there, and to a lesser extent what it has to say about power and society, and individual choice.
(previously, season 1)
