H2O: Just Add Water Spin-Off Series In The Works?

Usually, when there's rumors about things going on in the H2O world, I ignore them, because it's usually just rumors. Being that I don't even live in the country where the show is filmed, it makes it even more difficult to keep up with news. But Wikipedia now features a small tidbit of information that made me wonder if it was legit or not. Of course, Wikipedia's usually wrong, but guess what? Not this time! The Wikipedia article linked back to an actual site of upcoming Australian productions, and it turns out that the H2O spinoff is listed as one of them! Read the decription of this new show, Mako: Island of Secrets, below:

When 15-year-old Zac goes camping on Mako Island, he has no idea his every move is being monitored by real-life mermaids Sirena, Nixie and Lyla, whose job it is to ward off trespassers. When he comes into contact with the magical waters of the Moon Pool on the night of a full moon, Zac is given a taste of Mako’s powers, waking the next day to discover he
has been granted fin-like feet and the power to control water… causing all sorts of trouble for Sirena, Nixie and Lyla.

So it looks like the new show is going to feature a merman. That's an interesting change, because so far only mermaids have been featured in H2O. The show is scheduled for release in late 2012.

What do you guys think? Are you excited for a new H2O series?