Yeah I was lurking around IMDB, and I came across this bit of good news...
http://www.imdb.com/title/tt0816462/faq#.2.1.7 (http://www.imdb.com/title/tt0816462/faq#.2.1.7)
What studio is doing this?
The movie is made by Paradox and Warner.
The Swedish company Paradox entertainment are the legal owners of the entire REH estate, including Conan. These rights could not have been in better hands. Read more: http://www.paradox-entertainment.com/ Examples of their management so far includes the critically and commercial successful run of the Dark Horse comic Conan which started in 2004, and the upcoming online RPG "Age of Conan" which recieved rave reviews at this years E3.
The movie is made by Warner. The fact that the very strict Paradox entertainment has allowed them to do so, indicates they have agreed on one vision. The Warner bros exec Jeff Robinov has said that Warner wants to make a trilogy, parallell to The Matrix and LOTR. Warner has hired Akiva Goldsman to executive produce, which indicates how much they believe in the project. Peter Sederowsky and Fredrik malmberg of Paradox entertainmant are also executive producers of the new movie.
What is this 'REH' people keep referring to?
Robert E. Howard, creator of Conan. The abbrevation REH often appears in discussion of all things Conan. Read more: http://en.wikipedia.org/wiki/Robert_E_Howard
There's a bit more to be gleaned over at IMDB, but that's the most important part, I think...