Great news for Neil Gaiman fans! It's been announced that HBO and Tom Hanks' production company, Playtone Productions, are going ahead with their ambitious TV take on Gaiman's bestselling novel, 'American Gods.'

According to 'The Hollywood Reporter' the new drama is slated for six seasons, with the first season due to air sometime in 2013. Each season will be comprised of 10 to 12 hour-long episodes, with a budget of around $35-40 million per season.

Steeped in religious folklore from ancient times to the 21st century, 'American Gods' will be executive-produced by Gary Goetzman and Hanks, with Bob Richardson and Gaiman onboard as executive producer and writer.

Producers promise that it will be effects-heavy to do justice to the awe-inspiring power of the divine beings involved. "There are some crazy things in there," said Goetzman. "We'll probably be doing more effects in there than it's been done on a television series."