In an interview at Slashdot (thanks Dad!) Neil Gaiman was asked about the current status of any and all Sandman film adaptations. His thoughts?
In a perfect world, a director who has the same kind of passion for the material that Peter Jackson had for LOTR, or Sam Raimi had for Spider-Man will come along and sweep everyone up in his wake.
I suspect that Joss Whedon's probably got his plate filled with his own projects.
And... Yeah. Yeah. I can totally see that, because Joss is the KFC of dream sequences -- he does 'em right. At least, he used to. He used to be quite good at that sort of thing.
This is the first happy thought I've had about Whedon things in quite some time, what with the Angel pissiness and general ennui. But soon there will be Firefly DVDs and perhaps less-sucky Angel, and maybe, with luck, something fresh and new and still utterly Joss.