Deadline has the reveal of our new Green Arrow and it's Stephen Amell. I'm not familiar with the actor, but I do know some of the shows he's been in which include 9012, The Vampire Diaries (both are CW programs), HBO's Hung, and Private Practice for ABC.
While Justin Hartley's portrayal of the character for Smallville was a bit more clean cut, it looks like Amell could really pull of the rugged style that Oliver Queen is known for. I assumed the twirled mustache and pointed goatee would be gone and understandably so. He very much resembles the newly relaunched version of the character in DC's new 52.
A modern retelling of the story of DC Comics character Green Arrow, he will play the vigilante superhero who fights crime using archery, martial arts and technology under his secret identity as Oliver Queen, a wealthy playboy and billionaire industrialist-turned-outspoken politician in Star City.