So, as Tor.com had it, "Joseph Gordon-Levitt to direct and star in Sandman movie, possibly the first in a multi-film franchise." Granted, JGL clarified later on that he was only on board (for the moment) as a producer. David S. Goyer is, of course, also attached to produce.
As long-time followers of the Sandman film adaptation debacle will recall: this film has been stuck in development hell for over a decade and a half--and thankfully so. The most recently discussed draft had capes and superhero-esque origins and all kinds of foolishness. So thankfully, this iteration looks basically exactly like I said it would need to look, in order to get me interested: it looks like they've erased literally all of the film script work done on it, to this point, and started over from scratch. And I'm okay with that.
Also, I love how WB/DC Entertainment basically attaches Goyer to every hundred SpookyDark Thingsâ„¢ they attempt, and then follow through on like, Two of them. WHERE'S MY 100 Bullets and Hellblazer Series, GOYER/DCE/WB/SHOWTIME!? GIVE TO ZIM!
Anyway, I hope this actually pans out, and I have a bit more faith that it will, especially now that Neil has the clout to make serious requests/demands on the shape of the thing. But even still, it's been almost twenty years since this process started, so I'll believe it when I literally see it. I suggest you adopt the same sort of stance for the sake of your own sanity.