Well it does seem feasible if you look at it but the better question for me is, "What will the game be about?"
As a gamer myself, I do enjoy myself some RPG-games so I would love to play a MLP-related RPG where you would be able to collect characters like the Mane Six or even side characters such as Thorax, Spike, etc. (Add a Discord boss fight and there goes my money!)
I have played the MLP App yet I uninstalled it due to a multitude of reasons such as the overpriced items in the shop and certain mechanics in the game such as how minigames work. So it does seem fairly mediocre unless Hasbro manages to hire some expert game dev company and will help them sell more toys.
So I would love to see an official MLP Game yet I have mixed feelings on this, but if such a game were to come out I would like to see how it is. After all, no need for a biased review unless you see it for yourself.