Jackie Earl Haley to be the New Freddy?

In what may turn out to be the coolest rumor of the week, it was reported that Samuel Bayer - director of the "Smells Like Teen Spirit Video" - has been tapped to direct the re-boot of the "Nightmare on Elm Street" franchise, and the rumor is that Jackie Earl Haley - Rorschach from "Watchmen" - may play the spaghetti-faced monster. Cool.