I knew it was too good to be true. I thought it would get screwed up in casting or getting some shmo to direct it (see Fantastic Four), but with director George "Mad Max" Miller, I had hopes.

Alas, Variety reports:

Warner Bros. let the options lapse on the young cast that director George Miller chose to play DC superhero staples. The studio, which had set Tuesday as its greenlight deadline for the pic, confirmed Wednesday the project is on indefinite hold.

Sigh...