Ryan Reynolds IS Green Lantern! EW gets the first look at him in costume!

In a surprise, although there were a few rumors floating around in the last couple of days, Entertainment Weekly has scooped the world with the first picture of the one-and-only Ryan Reynolds in costume as GREEN LANTERN!Ryan Reynolds as Green Lantern - EW Cover

The major event film due in theaters for Summer 2011 is based on the classic DC Comics character and the film also stars Tim Robbins, Peter Sarsgaard and Mark Strong and Blake Lively.

Click the pic to see a higher-res version!