Ron "Battlestar Galactica" Moore is creating a new sci-fi pilot for NBC, a show Deadline calls "an adult Harry Potter set in a world ruled not by science but by magic."
In Hollywood-speak, Deadline also says "I hear the drama got pilot and series penalties totaling close to $2 million." That's basically the same thing as saying NBC has promised to put a lot of money into the project whether they actually make it or not, and therefore they have 2 million incentives to actually make it.
Keep in mind Fox also spent a lot of money making Moore's Virtuality pilot, then burned it off as a two-hour movie, so don't get too excited yet. Still, this show is "one of the biggest commitments so far this pitch season," which sounds promising.