Actually, it's a mini series... Last I heard they were shooting for 6 episodes.
It's coming soon though. They recently finished filming, so it's now going in for SFX.
Also, didn't realise till a friend pointed it out: The Drunken Master fight... It was against Zhou Cheng. As awesome as that fight was, seems a bit of a waste of an awesome character.
Sorta like they did with the Bride of Nine Spiders...