The original creating team of Russell T. Davies and Julie Gardner is on board the project and apparently the sorylines will be more global rather than UK based.
The project is from the BBC Worldwide Production and Davies will be writing the scripts.
It also appears that some of the Torchwood cast - which now limits itself to John Barrowman as Captain Jack Harkness and Eve Myles as Gwen Cooper may star in the US version. Most likely Barrowman will be the ideal candidate.
In my opinion, this is most likely a whole new Torchwood Team based in the USA and definitely not a remake. Captain Jack Harkness may now be saving the world from somewhere in North America. All I can say is WOW!!! This is Big news.