Geeks worldwide cried tears of joy as the news broke that Guillermo del Toro and the Jim Henson Co. are developing a stop-motion PINOCCHIO feature with a darker tone.

Del Toro spilled the beans to the fine folks over at Bloody Disgusting, revealing that he was working on the script with Gris Grimly, illustrator on 2002’s PINOCCHIO.

Del Toro is incredible busy, working on the highly-anticipated HOBBIT movie which will actually be spread out over two movies and will take about five years of his time. He is directing and co-writing along with the Peter Jackson, Fran Walsh and Philippa Boyens.

As if that wasn’t enough, Del Toro is also working on remakes of FRANKENSTEIN, DR. JEKYLL AND MR. HYDE and SLAUGHTERHOUSE-FIVE as well as an adaptation of Dan Simmons’ DROOD.