This felt like a great conversation that left me thinking Shakespeare in Love might be a good movie. But I remain unconvinced that it's Canon material. It really feels like another "Oh I know that reference" movie, and not in any exceedingly clever way. I don't find SiL great or important in any particular way which is the minimum a Canon movie should be, in my opinion. I've always been a small Canon kind of person.
So a hard no for me.
This all made me excited for the idea of more actual Shakespeare in the future though. Polanski's MacBeth vs Throne of Blood would be a dream episode.