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I just saw on superherohype that John August is writing it. He wrote Charlie and the Chocolate factore, Big Fish and Corpse Bride. The article also said that he's checking with Geoff Johns to make sure he gets the character right.

Interesting.
The great William Goldman was working on this. John August has also written Go, Titan A.E. and Charlie's Angels.
Still waiting for a better director than Peter Segel to be attached.

This movie has great potential I think.

They are intent on giving the role of Captain Marvel to Jake Gyllenhaal.

Are they going to pump him full of steroids?

I just read the thing about Gyllenhaal. He'll definately have to beef up some but i also don't think Caps suit is as spandexy as someone like Superman's.

A recent blog by John August makes me feel more confident about the project. He's doing his research and wants to make this feel fresh and new.

http://johnaugust.com/archives/2007/captain-marvel-reader