A while back PLee posted about a new Phantom TV series coming soon. Now there's a trailer for it. Ugh. This looks potentially worse than that awful Flash Gordon TV Series from a year or so ago.
While I realize that neither Sky Captain nor The Spirit were commercially successful, there's no excuse to do these pulp-era characters wrong having seen the same style characters done correctly (The Spirit maybe less than Sky Captain, but still...).
I pass on this and hold out hope that the Sky Captain team will reemerge one day with some new awesomeness.