Ron Moore does Harry Potter (ish) show

From Deadline Hollywood:

Ronald D. Moore is back at NBC Universal with a new drama project for NBC that has landed one of the biggest commitments so far this pitch season. The project from Sony TV where the Battlestar Galactica developer inked a two-year overall deal in May, is described as an adult Harry Potter set in a world ruled not by science but by magic. I hear the drama got pilot and series penalties totaling close to $2 million.

 To me this sounds like a riff off of Lev Grossman’s The Magicians. But I’m curious how it turns out and does this mean that Caprica is going to be canceled.?

H/T to IO9.com