From what I've read, it seems that the biggest reason a Fables TV or movie series hasn't been made is because Bill Willingham doesn't feel like it sticks to the comics close enough. In my opinion, that's ridiculous.
There's hardly any live action comic adaptions out there that don't change the story somewhat. Even Watchmen changed the story ending, even though the rest of the movie is almost a page by page adaption of the graphic novel.
Even if the TV series was on something like HBO, which allowed the nudity, gore, strong language, etc that the graphic novels have, they have to change certain story things. A comic is a comic and a show is a show and a movie is a movie. You can't tell one the same way you would tell another.
Just curious if anyone else feels the same way. Fables would make for a great television series, and it seems to me that there isn't any actual good reason for why there isn't one yet.