Well, yes, its a remake of the Legend of Dagger Li also known as Xiao Li Fei Dao written by the almighty Gu Long (finally a re-make). According to this article, filming had already started in the Huangshan Mountains and it also stated that this serie will be a short serie about 20 episodes.
Here's some pics.
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Hopefully that guy won't be Li Xun Huan. He'll ruin the image forever!
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Anyone who has anything to add on please feel free to.