A RoF series would probably work fairly well as a Sci-Fi Channel series (sorry, I refuse to use their new name). Apart from some minimal special effects depicting the actual Ring, the rest would be costumes and weapons (most left over from previous Sci-Fi fantasy movies) and they film enough in former eastern-bloc countries, moving to Central Germany wouldn't be a huge leap.
And there's so much content already generated (between the books and the canon fan-fic), and the show would have a lot of the intrigue we loved and miss about early BSG.