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So far, the only additional info that I'm seen is that it's to be titled Laundry Warrior. Slated to begin filming in May sometime.

Ok, here's the info on the movie. It sounds like it could be something similar to a Hollywood remake of "Seven Samurai".

Actor Jang Dong-gun and world-renowned star Zhang Ziyi will debut in Hollywood through the fantasy movie "Laundry Warrior".

Directed by Lee Seung-moo, "Laundry Warrior" is a joint project of South Korea, China and the United States.

It will be produced by Boram Film, which has also produced other joint projects such as "Seven Swords" and "A Battle of Wits", with the participation of Barrie Osborn, who also produced the "Matrix" series and "The Lord of the Rings".

LAUNDRY WARRIOR
Feature Film
SAG

Producers: Barrie Osborne / Jooick Lee / Michael Peyser
Co-Producer: Steven Nam
Associate Producer: Stacy Ruppel
Director: Sngmoo Lee
Location: New Mexico
Start Date: 5/14/2007

YANG: CAST (JANG DONG-KUN)
LIN: CAST (ZHANG ZIYI)

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STORY LINE: Yang, the World's Greatest Swordsman, leaves his clan and flees Asia with baby April, the last of the enemy bloodline. Hoping to make a new life for himself as a humble laundryman in America's Wild West, he comes to know and care about the people of Lode, a small, forgotten town filled with carnival players. While there, Yang finds a pupil/lover in Lin, (a beautiful Asian girl), but also makes new enemies with the Hell Riders, a marauding gang of vicious thugs. Reluctant to stand forward and defend the town, because it will mean revealing his identity, Yang is soon forced to pick up his sword and lead the "carnies" and townsfolk in to an incredible battle against the loathsome Hell Riders. At the pitched height of that battle, Yang's past, the Asian sword clan he left behind, ("The Sad Flutes"), attack raising the battle to an epic crescendo...