Don't hold your breath, but according to The Hollywood Reporter Zach Snyder, who directed the forthcoming adaptation of Frank Miller's 300 graphic novel, will develop and direct a version of Alan Moore and Dave Gibbon's classic graphic novel Watchmen for Warner Bros.  As the Reporter so aptly put it, the developmental history of the Watchmen movie, which bounced from Fox to Universal to Paramount, is 'nearly as epic as the story the comic tells.'  Last December Warner Bros. acquired the rights (see 'Bringing It All Back Home') and the studio has assigned Alex Tse to write the script.

Snyder wrote and directed the adaptation of Miller's 300 (which is currently slated to be released in March of 2007) and shot the film on a soundstage in Canada using the same sort of green screen technology employed by Robert Rodriguez and Frank Miller in the movie version of Miller's Sin City graphic novel.