We can has more Sherlock?

F-of-flist pointed me to a trailer for another Sherlock Holmes movie coming out this year ... with Gareth David-Lloyd as Watson!

( Trailer embedded after the jump )

Anyone know anything else? Is this going to hit in wide release or what? I admit, I have no interest in the person playing Holmes, but the villain looks kind of badass, and I would watch GDL boil water.