according to Deadline,
Universal is making a deal to finance and distribute The Man With The Iron Fists, a stylized martial arts film that will mark the feature directorial debut of RZA, the Wu-Tang Clan co-founder who has written the screenplay with Eli Roth. RZA will play the title character, a blacksmith who forges weapons for the inhabitants of a village in feudal China. They are forced to defend themselves, and before you know it, everybody is kung fu fighting.
It looks like the abbot is also producing the soundtrack, this will hopefully deliver.