Obviously this bodes fairly well for the project as a whole, because when Paramount back-burnered the thing a few months back, nobody really knew if the project would wither away or come storming back. With Variety reporting an intended late-2008 production date, and the pretty-much-guaranteed involvement of director Tim Burton and leading man Jim Carrey, it looks like Ripley will live once Sweeney Todd gets wrapped.
Gotta love that nutty Tim Burton stuff. (That's not sarcasm; aside from his misguided Apes remake, Burton's a pretty admirable filmmaker, and a consistently good one at that.) And anything that keeps Oedekerk distracted from his intended Kung Pow: Enter the Fist sequel, well, that makes me very happy indeed.