So, is Nick Cage doing ‘The Colour Out of Space,’ or not?

I saw it referenced in Facebook, but when I looked around for the original story it had been deleted.  Which is weird, because if the story had turned out to be false, why not just update it?  And, for the record: if there’s anybody who can play somebody slowly going nuts from being in contact with an alien colour… out of space… it’s Nick Cage.  I’d watch it, I surely would.