Sofia Coppola is set to direct a new adaptation of The Little Mermaid, with Caroline Thompson (Edward Scissorhands) as screenwriter. It sounds like this adaptation is going to be closer to the original Hans Christian Andersen version than the Disney version. Here's an excerpt from its synopsis:
The Little Mermaid, longing for the prince and an eternal soul, eventually visits the Sea Witch, who sells her a potion that gives her legs, in exchange for her tongue (as the Little Mermaid has the most intoxicating voice in the world). Drinking the potion will make her feel as if a sword is being passed through her, yet when she recovers she will have two beautiful legs, and will be able to dance like no human has ever danced before. However, it will constantly feel like she is walking on sharp swords, and her feet will bleed most terribly. In addition, she will only get a soul if the prince loves her and marries her, for then a part of his soul will flow into her. Otherwise, at dawn on the first day after he marries another woman, the Little Mermaid will die brokenhearted and disintegrate into sea foam.
This marks a notable departure from the more adult themes of (Coppola's) previous work... but if she sticks to the plot of the Hans Christian Andersen fairytale it will be more adult than ever.
This is still in pre-production, so there's no release date to look forward to yet, but rumors are that Emma Watson is in talks to star as Ariel. Emma and Sofia previously worked together in The Bling Ring, and make a great team. Let's be honest, I'll see anything Emma Watson is in, so let bleakness and exquisite pain commence!