I'm guessing that if this film is actually made, it will turn out like "Wanted." In other words, the supervillain thing will be dropped in favor of ordinary looking people in normal clothes who can do some extraordinary things; basically "The Dirty Dozen" with eye-popping special effects.
Why else would they be digging up an obscure comic book that about 17 people still remember? Comics and graphic novels are now being viewed as the latest "untapped resource" for film ideas since Hollywood cant come up with anything on its own. But since using superheroes and supervillains is always a risk (unless it's a character that everyone is familiar with), they feel they can take something like this, butcher it completely, and still turn it into a cash cow without anyone complaining too much.
I may be completely wrong, but something tells me that's the direction that this is headed.