New Oz movie?

Before anyone asks, yes, I've heard the news stories about a possible "remake" of The Wizard of Oz. In case anyone's interested, I first heard about it here, at SciFi Wire. I'll be honest, I'm not worried or panicked. First of all, Oz has survived a lot of other retellings — including the famous 1939 movie version, which got so much right, but still didn't quite live up to the book, in my opinion. Second, there have been at least a dozen remakes/retellings/reboots/sequels/what-have-yous talked about in the last decade or so. Most have not gotten anywhere near production. So it's entirely possible that neither of these projects will, either. I'll start getting excited about this once something is actually green lit and production begins.

And let's not forget, there's still a film version of Wicked that could possibly appear on the horizon before long, too.