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Details on the project are sparse, but the Coen brothers are set to produce the adaptation, which will be a series limited to 10 episodes. Noah Hawley (Bones) will pen the script. The show will air sometime in spring of 2014. There's no word out yet on casting.
It is believed that the series will be loosely based on the movie, so perhaps we will be seeing the return of Frances McDormand's cheery and pregnant police officer in some form. Regardless, the show will most likely have a bit of Minnesota/North Dakota flavor.
Catch the trailer for the original Fargo movie here: