Two Pinocchios? Why would you want even one?

Last week, NPR posted a helpful round-up of the many current and recent film projects inspired by fairytales, ranging from Red Riding Hood to the nine(!) Oz movies currently in the works. I'm a little terrified by the news that Guillermo del Toro and Tim Burton are both working on film versions of Pinocchio (isn't that story creepy enough already?), but there must be a demand for it.