I just Googled it, Yogi, and it looks like it's true. However, Affleck just picked a screenwriter, so it looks like we're not going to see it for a long while.

I actually loved the original mini-series. It had a fine cast, with the exception of Moly Ringwald as Fran. SHE was supposed to be carrying the future of the world?? UGH! She "Sofia'd" the whole thing for me.

However, the rest of the cast was top notch: Rob Lowe, Gary Sinise, Bill Fagerbakke, Ruby Dee, and Jamey Sheridan as Flagg. It stuck fairly close to the book, too.