It seems like they're remaking alot of movies in live action. I guess the popularity of them could go either way. They do sounds exciting though with such good stories.
Its mentioned in the article that this isn't going to be the disney version with Mushu, this is going to be the more serious legend the Disney version was based on, it also mentions it going to be likely rated PG-13 so that usally means its not going to be a musical and its going to have pirates of the carribean levels of violence.