This just in from Variety:
Transformers 2 babe Megan Fox is attached to star in "Fathom," an adaptation of the Michael Turner-created comicbook, for Fox Atomic.
According to Variety, "Fox would play Aspen Matthews, who was found abandoned on a ship and is adopted by a military man. She becomes a champion swimmer and marine biologist who comes of age realizing she has water-based powers and is part of an underwater race" I heard through the grapevine that Michael Phelps was up for a cameo but his role in the remake of Up In Smoke conflicted. He will be replaced by the dolphin from Seaquest DSV.
Jordan Mechner is on board to write. His claim to fame is designing the "Prince of Persia" vidgame. He’s consulting on the film adaptation right now. Read all about it on his blog. Don’t worry. We promise there’ll be no photos of Gyllenhaal oiled up and in-costume. If you’re into that sort of thing, I suggest reading Holy Taco.