I thought this project died when John McTiernan(who was rumored to be directing) went to prison for wiretapping. I'm glad to see such is not the case.
The main problem for the series to overcome is the massive amount of exposition that will be needed so that the battles, political dealings and actions of many of the characters make sense. The books are often very heavy on exposition, and it is going to be far harder to fit that into the cinematic format.
As to who should play Honor, it should not be Jolie. Get a youngster with some chops.