I'm a big old fan of Lloyd Alexander's Prydain books and would love to see a good, faithful adaptation of the whole series. I think live action would be a great idea.
I think it's still a ways off but it is coming. I always liked the Black Cauldron animated feature, even though they did kind of weaken the ending. I am looking forward to seeing what they do with it.
Definitely if they hadn't toned down the original ending. It's borderline as it is, but the original ending was a bit scarier and more graphic. I wish they would restore the film and release it, draw some attention to this underrated Disney film. Maybe we'll get a special edition when the new live action versions come out.