Rumor has been circulating, but now there seems to be some confirmation - here comes G.I. Joe as a live-action feature! Combine that with Transformer, Thundercats, and He-Man, and the 80's are going to be back in full swing!

Link: http://www.cinematical.com/2007/06/06/paramount-has-ordered-two-g-i-joe-scripts-source-says/