We may be nearing a truce in the epic battle between Tim Burton and Robert Downey Jr. over which of them can make the least-interesting mid-period career choices; as the two titans of the "Guys We Like Despite MOST Of What They Make" cinema are poised to team for a live-action "reimagining" of "Pinocchio."
The proposed project is currently called "Gepetto," and would be partially a prequel detailing the origin-story (sigh...) of the puppeteer and partially a side-story explaining what kind of adventures Gepetto was having in between starting his search for Pinocchio and winding up in the belly of a whale/sea-monster/whatever.
Downey would play Gepetto. No word yet on which roles will innevitably go to Johnny Depp and Helena Bonham-Carter - the easy guesses being Pinocchio (or Jimminy Cricket!) and the Blue Fairy, respectively - though I believe it's based on a "Black List" screenplay called "The Three Misfortunes of Gepetto" which, if so, gave him a love-interest named Julia Moon.
Eve if you take away the "Burton-ized fairytale" thing, this feels tired - another Tim Burton fantasy about estranged father/son relationships? Granted, this'll be the first time he's approached it from the older-party's point of view, but still...