The upcoming remake of the film will be shot entirely with stop-motion animation and will be directed by Guillermo del Toro (Pan's Labyrinth, Hellboy & Hellboy II) with Alfonso Cuarón (Children of Men, Harry Potter and the Prisoner of Azkaban) maintaining a producing role backstage. The project started back in 2006 when Cuarón and Del Toro discussed collaborating on a film adaption of a Roald Dahl book. Soon after Del Toro wrote up the screenplay for it.
There is no date set for this project, and with Guillermo del Toro's upcoming adaptation of "The Hobbit", it's hard to judge when we'll actually get to see anything from this movie. If Corpse Bride and Coraline are any indication, stop-motion animation has come a long way in recent years.
Above is the trailer for the original film. Though someone has also uploaded the entire film onto YouTube but there's a good chance that will be removed due to the obvious copyright violation.