Most interesting detail is that it might not suck:
While I'm not ready to proclaim Woods's January 2007 draft of Hitman the greatest pure action screenplay since Die Hard, it is a well above-average take on the international espionage genre, which has been curiously popular in the wake of 9/11. The conventional wisdom regarding Woods's last produced screenplay, Swordfish, has always been that it got excessively dumbed down during rewrites. This is entirely plausible after reading Hitman, which is polished, smart and genuinely exciting on the page. Woods even gets away with a wraparound device that should rob his script of some critical suspense; fortunately, he's quite gifted at pacing, immersing the reader in the non-stop intrigue and relenting only to dispense with some shopworn exposition (which works better than it should because the characters are actually well-drawn for this kind of material).-- CHUD.com - Cinematic Happenings Under Development
Sounds interesting. I think Olyphant will do a great job - he's got that deadly steely gaze from life on the Deadwood camp. I really enjoyed parts of the first Hitman, although I haven't been quite as enamored with the franchise since then - I'd still vote for it making a reasonable movie if it were made by reasonable people.