If you believe the rumors FNSM has already been scrapped because they let go of their storyboarders before they could start making the second season...
If things started up now, I imagine Lex would actually have powers of some sort so he could be a challenge to Supes in a fight.(probably through some...
I think that's what making future adaptions still interesting. We're getting a condensed/abridged modified version of all these storylines. New show...