I'm surprised this news hadn't made more of an impact. According to Scott Bakker, producer/director Chris Weitz, director of The Golden Compass, had expressed an interest in developing The Prince of Nothing as a cable TV project (not dissimilar to A Game of Thrones for HBO) and had gotten as far as planning to film a pilot before the project was shelved due to the economic slow-down. Currently the project is on hiatus but will be revisited in 2010, presumably after Weitz's current project, the Twilight sequel New Moon, is released.
Interesting news. Given the considerable barriers to Game of Thrones getting on-air that HBO are slowly overcoming, Prince of Nothing is an even vaster, more daunting challenge. The battles are much larger, much of the narrative has the protagonists travelling with an army numbering in the hundreds of thousands, there are vast magical battles between sorcerers and the subject material is very dark and sometimes disturbing. Getting this on screen would be very impressive.