I'm sure to many this is old news, but I figured might as well throw a thread up about it.
http://www.imdb.com/title/tt0892411/
Alejandro Jodorowsky has supposedly been working on this for quite some time now, but funding keeps dropping out. I read an article earlier this year about how David Lynch's production company, Absurda, was supposedly picking it up:
http://www.variety.com/index.asp?lay...117986082&cs=1
Another interesting development (that keeps my spirits up) from earlier this year:
Cinematographer legend
Vilmos Zsigmond (The Deer Hunter, Close Encounters of the Third Kind, The Sadist)
Let's all keep our fingers crossed for this one. It'd be huge for one final film by El Jodo to see the light of day and the eyes of fans like myself, Elvis, and Return, as far as I know.
Here's hoping this isn't all just wishful thinking.