Suspiria the TV Series?

So it appears there is to be a TV Show loosely based on Dario Argento's nightmarish Technicolor masterpiece Suspiria.

http://variety.com/2015/tv/news/django-and-suspiria-set-to-be-adapted-into-high-end-international-tv-series-1201468262/

Although more based on the works of Thomas De Quincey, it seems pretty obvious that the TV series will be heavily influenced by the film, especially given the involvement of Argento himself.  This could be a striking return to form for the horror master or it could be a pile of imploded bumholes. I have a feeling that it is more likely to be the latter.....