Looks like we may see this thing after all. *crosses fingers*
Saw this at the ZReview:
Link
Monday 10th May 2004: The Devil and Daniel Webster Update:
Just received word that The Devil and Daniel Webster has been rejigged with new music, new sound design, re-editing, re-mixing, re-timing, and a host of other creative and technical changes and the new version of the picture won the Festival Choice Award at the recent Naples-based Film Festival. Tricor Entertainment picked up the movie after Alec Baldwin removed his name from the director's credit. With a negative cost of roughly $27 million, the film is an expensive independent that has now garnered interest from several major studios. A deal is expected to be announced shortly.