Apparently the Weitz brothers will be making an Elric movie:
So his adaptation of The Golden Compass is already being hyped by studio New Line as the new Lord Of The Rings (rather inaccurately if you ask us, since the books share little in common). But that’s not enough fantasy limelight for the guy who, up until now, was best known for small-scale comedies like American Pie and About A Boy. Nope, along with his brother and former co-director Paul, Chris Weitz is going to take on the biggest fantasty-literature property as yet untouched by movieland: Michael Moorcock’s Elric saga.