The latest issue of Wizard Magazine has an interview with Grant Morrison, where the Final Crisis writer discusses his next project for DC, tentatively titled The Multiversity. Kirk Warren at The Weekly Crisis read Wizard (so you don't have to!) and shares some of the details on the project, as well as a great image that references a bad Michael Keaton movie.
Morrison says, "I'm working on books for seven different parallel universes. Each one is a first issue with a complete story and series bible. Each one spotlights the major superhero group of a different alternate reality. And they all link together together as a seven-issue story that reimagines the relationship between the DCU and the Multiverse."
Two of the Earths that will be featured are Earth-5, home of the Captain Marvel Family, which Morrison envisions as "a line of books with the Marvel Family done in a more traditional, all-ages, All-Star Superman style," and Earth-4, home of the "original Watchmen," the Charlton Comics characters who inspired Alan Moore and Dave Gibbons' masterpiece. Morrison says he wants to "do the Charlton characters in a story I'd construct as an update on that ludic Watchmen style - if Alan Moore and Dave Gibbons had pitched the Watchmen now, rooted in a contemporary political landscape but with the actual Charlton characters instead of analogues!"
Lots more at the link, and I daresay if there's any issue of Wizard Magazine you don't want to miss, it would be the latest one. And I have to agree with Kirk; attach Frank Quitely to that All-Star Captain Marvel book, stat!