Oh, say it IS so! Guillermo Del Toro is rumored to be working on a stop-motion version of Pinocchio, collaborating with the Jim Henson company and Gris Grimly (whom I mentioned here).

If this was not already a promising team, NICK CAVE has signed on as music consultant! And Mark Gustafson, of Fantastic Mr. Fox fame, will co-direct.

I have no idea where Del Toro finds the time to take on more projects. I do hope this one happens.

Source