Guillermo Del Toro prepping new stop-motion Pinocchio

I still have horrific flashbacks of Roberto Benigni  prancing around in his version of Pinocchio, but I guess enough people have moved on and it's time for a (hopefully) much better take.  Deadline has broken the exclusive story that Guillermo Del Toro will be developing a new stop-motion animated version of Pinocchio. He'll be teaming up with The Jim Henson Company and Pathe on the production, based on Carlo Colodi's 1883 story of the animated marionette and his quest to become a living boy. The story was developed by Del Toro and Matthew Robbins, with Robbins penning the script. Apparently the concept was hammered out by the duo four years ago, with Del Toro planning to direct at the time. Gris Grimly and Mark Gustafson will be co-directing now. The plan is for the film to produced with 3D in mind.  Nick Cave has agreed to be the musical consultant, with the puppets and effects being produced by the folks behind Fantastic Mr. Fox. 

The most recognizable version of the Pinocchio story is Walt Disney's 1940 version, but as typical of a Del Toro feature, this one will be much darker and take more from the source material...

Del Toro: "There has to be darkness in any fairy tale or children’s narrative work, something the Brothers Grimm, Hans Christian Anderson and Walt Disney understood. We tend to call something Disney-fied, but a lot of people forget how powerfully disturbing the best animated Disney movies are, including those kids being turned into donkeys in Pinocchio. What we’re trying to do is present a Pinocchio that is more faithful to the take that Colodi wrote. That is more surreal and slightly darker than what we’ve seen before."

I don't know how Del Toro has time for all the stuff he does. It seems like every other day there's some new idea he's been sitting on that gets set into motion. Although he does appear to be delegating more of the directorial duties to others, how long before the guy burns out?