A Hawkman/Hawkgirl series could be amazing.
Both Hawkman and Hawkgirl are somewhat lacking in villains though, they would end up borrowing a bunch of villains for a show to work. That would be okay though, Arrow does that too.
Hawkman/Hawkgirl makes sense as a cheaper alternative to a Green Lantern tv series. Both Hawkman/Hawkgirl and Green Lantern would likely open up the cosmic side of the CW universe. But I'd just much rather see a Green Lantern tv series. Barry, Ollie and Hal have always been associated with each other. I would love to see a Hawkman/Hawkgirl series, but I can't help but feel that they might work better as recurring characters on GL or The Flash. A 2 part episode featuring Hawkman, Hawkgirl and The Flash against the Shadow Thief would be amazing. And they could reappear anytime the CW JLA shows up.
I think the next CW show should definitely be cosmic. Hawkman/Hawkgirl, Martian Manhunter and especially Green Lantern would be the best options for a space related CW show.
The Hawks would definitely work as recurring on a GL show. They could easily be the "Firestorm" of such a show.
I go back and forth sometimes about the possibility of a GL show. If it could be done awesomely, it's a first pick. There's two major restrictions and it's impossible, perhaps for anyone, to know for sure if it could work without trying it.
The first, is flight. You basically have to string an actor up on a harness and make it look like they're not harnessed, and getting all that stuff right takes a long time to get a little footage. They'd have to find someway to streamline that immensely if GL is to do any significant flying. The post production could be easier if he's always flying in space, that's much easier to green screen, and you kinda do the in-atmo flight like Lois and Clark: New Adventures of Superman, or Smallville did super speed. Basically the hero zooms off screen, or we get a close up of them and a fast moving indiscenible background.
Still, you then further complicated when you have these space battles, whether against ships or other colored lanterns, or whatever. That's what separates a GL show from Farscape or TNG. Space battles were incredibly easy to create with a big non-moving model, some lasers and some explosion effects. Very simple CGI stuff. That process gets immensely complicated when instead of a static ship you have a moving person, who's supposed to look like they're flying and not harnessed... now their actions have to line up with the effects perfectly each time, on top of all the shot setting up talked about earlier. Unless they can find some ingenious way to streamline this process, it will make space battles a very time-expensive, and thus very limited aspect of the show, and that's a pretty heavy thing in the GL world of space travel.
The second is constructs. Having a constant barrage of floating CGI objects that don't look like cartoons (see
Who Framed Roger Rabbit) is simply beyond the CGI budget for a TV show, even on a big channel like HBO or whatever. There is a potential solution, to do all the constructs practical, which could make for a very interesting show, as constructs would work differently than in the comics, they'd be solid, perhaps still glowing, but solid instead of translucent. They'd still be limited, the prop people can't just pull stuff out of their butts all day, but then again they'd also be cheaper to re-use.
The third is kinda with those two but separate, and that is the cheesiness. To a degree, TNG, Farscape, Dr. Who, they're all cheesy and they do a lot of handwaving because the concepts are often too big for television. This is on top of the fact that what a lot of people expect from GL: a constant barrage of constructs, they simply aren't getting. Kilowog is just a big guy in a rubber mask, perhaps a very ambitious one, but still.
At the same time, that kind of intensely practical Sci Fi can harken back to Star Wars and Hensons monster shops which could be absolutely incredible.