There's not a lot of news out there about this film but I'm about halfway through this book and really looking forward to see how it might translate into film.
The book came out two years ago to rave reviews and won a bunch of awards.
Here's a brief synopsis:
The book is set in an alternate 19th-century Britain, during the Napoleonic Wars. The story is based on the premise of magic returning to England, and the tumultuous relationship between two fictional magicians of the time. The story incorporates historical events and people into its fictional alternate reality.
Basically, if you like Neil Stephenson's Baroque Cycle or Philip Pullman's His Dark Materials trilogy, you'll love it. It's complex fantasy written for adults combined with detailed and extremely evocative historical fiction. If the story can be safely compressed (it's 800 pages long and spans a 700 year time period), it's tailor-made for film adaptation.
New Line bought the film rights in 2004 and the project's been in development since.
As I said, not much is seems to be known about the film. Few promising early signs on the film: Christopher Hampton, the screenwriter behind the "Dangerous Liasons" and "The Quiet American" screenplays did the adaptation. A director has not yet started on the project. It's being produced by Mark Ordesky of LOTR and upcoming "His Dark Materials" fame. This has led to the inevitable speculation that Jackson/WETA are involved in the production...we'll see.
Anyway, I know it's early but I thought I'd get a discussion started here about this film. Any other news?