I totally agree that it could work, just as you have described it. (Nice description, too.)
I just wouldn't call that "faithful" at all. It's the word I'm objecting to, not their adaptation of the material ( ... yet). "Faithful" is misleading.
It would be better if they had said, "we'll honor the intent of the original material," or something like that.
And given the talent involved, I think they have a shot at pulling it off.
But "faithful?" No, it's not.
"Jaws is the Citizen Kane of movies."
blocked: logan2, Diamonds3, Hamilton22