The Green Hornet has been plagued by issues ever since Seth Rogen announced he'd be writing the screenplay with Superbad pal Evan Goldberg and starring as The Green Hornet too. In fact, Rogen's lost a lot of weight for the role so far, and looks to be in pretty good shape (did you see him at the Oscars?). Meanwhile, Stephen Chow had originally signed on to direct and play Green Hornet's sidekick Kato, but backed out due to him wanting to direct his own superhero movie -- but according to THR, he's still expected to take on the role of sidekick (and we hope he does).
Gondry, however, would bring his wild imagination to a property that could totally use it. Assuming no one else drops out, count me in as someone who's extremely excited to watch the end result.