No offense, but there has been no confirmation one way or the other that the project has been abandoned. I don't know about you (and no offense), but I prefer to "look at the glass half full". Yes, there is a DTV movie coming out, but that does not necessarily mean that this was done "in place" of the planned TV series.
Look, either it (the new TV series) will happen or it won't, but IMHO we shouldn't assume it won't happen just because there has been no news since the initial announcement.