Vogt-Roberts is perhaps best known for his film The Kings of Summer. Before that, he directed such amazing hits as Mash Up (TV movie), Single Dads (TV series), and Successful Alcoholics (Short). You know, big time blockbusters.
Avi Arad (X-Men, Iron Man) is slated to serve as Producer on the project. The process of creating a live-action film based on Metal Gear Solid has been a long one since the game creators (Konami and Hideo Kojima) and the movie studio took a while to get "on the same page" on how to tell the story of Solid Snake.
No matter what, I'm sure this film will fail to live up to any Metal Gear fan's expectations, including this one.