While I am still wishing for an epic Muppet Rock Opera, Jason Segel's more traditional The Greatest Muppet Movie of All Time has moved one step closer to fruition. Variety reports that James Bobin has agreed to take the helm, passing on the chance to direct the Judd Apatow comedy Bridesmaids and winning over Cloudy with a Chance of Meatballs directors Phil Lord and Chris Miller. With a director in place, the project is expected to be one of the first greenlit by Disney's Rich Ross.

The Muppet film will be Bobin's first major feature, but he's no newcomer to the industry. He's the co-creator of Flight of the Conchords and writer/director of Da Ali G Show -- otherwise known as the series that brought us Borat and Bruno. (Plus Ali G videos and shorts.) With that resume, Bobin is definitely a good fit for the manic world of Muppets, and considering the music flavor in Conchords, maybe we can expect at least a little rockin' goodness to the film.

Variety notes that the plot is being kept under wraps, but back in 2008, Segel was talking about how it would be "a classic story," with "the Muppets needing to get back together to save the show...It's going to take place all over the world." It's been almost two years since that description, so there is a chance things have changed.

Bobin, Segel ... How do you think this Muppet feature is playing out? Is it time for a Muppet Renaissance?