According to The Hollywood Reporter, Sam Mendes (director of Jarhead, Road to Perdition & American Beauty) has been named as the director for the PREACHER feature length film that Columbia just picked up the rights to make.
No writers are attached yet, but Mendes will apparently start the search some time after his new film (Revolution Road) is done with post-production tweaks.
While there have been other stops and starts to Preacher hitting the big or small screen, this might be the best fit creatively and commercially. Here's hope this winds up in a theater near you in a couple years.
FYI: I didn't mean the "crap" in the title in a derogatory way, just as a synonym for "stuff". I would have used "shit", but it seemed a little harsh for a title.
(hat tip to MTV Splash Page)