Looks like the the award-winning story of The Lion, the Witch and the Wardrobe, part two (and best known) of the Chronicles of Narnia by C.S. Lewis, will finally get adapted for the big screen. Walden Media, which in December optioned the entire 7 part series, will produce in partnership with the C.S. Lewis Company, and Ann Peacock (Emmy-winning writer for A Lesson Before Dying) will adapt it.
Update 8/1: Andrew Adamson (Shrek) will direct, according to Variety.