Yes, you read that right. And yes, it means everything that you don't want it to mean. Fresh off the success of Sherlock Holmes, Warner Brothers is looking for other literary adventure stories to bring to the big screen, but they apparently decided that whores, dementia, and futile struggle was too depressing, and what would be really cool was if Don Quixote of La Mancha was an actual hero who fought actual monsters. According to ScreenRant:
Producer Joel Silver – the Hollywood powerhouse behind (you guessed it) Sherlock Holmes – is teaming up with Warner Bros. to create a “Pirates of the Caribbean-style swashbuckling version of the story” for modern-day moviegoers.