I hope it gets green-lit for development, then I hope they follow the vision through to a truly thought-provoking product with a mind-jarring denouement.
I've seen other feints in this direction: Dorman Grammit's superman fantasies in Frank Stack's "Dr. Feelgood" comics; and The Battlin' American in a Lloyd Llewelyn comic by Dan Clowes. And, of course, Watchmen.
For every 1000 pop culture theorists who can deconstruct the superhero genre at the drop of a hat, there may only be one who can write a scenario and screenplay that teases something truly exciting and accessible therefrom.
And it does need doing; the symbol is rife with implications, up to and including coercive fiat as the trump card of superpower nations.