The first full trailer for Gore Verbinski’s latest film Rango was released earlier today and following its successful debut Variety is reporting that the director has just signed on for a new project. The trade claims that he’ll work his magic on the long developing remake of the 1947 classic The Secret Life of Walter Mitty. The original starred Danny Kaye in the title role alongside Virgina Mayo and Boris Karloff.

The Secret Life of Walter Mitty is a short story by John Thurber that was originally published in 1939 in The New Yorker. It’s one of the most frequently anthologized shorts in American literature and eventually gained so much popularity that it was adapted into a film. Over 60 years after the movie was made, 20th Century Fox are trying their hand at the timeless classic with Verbinski’s direction.

The screenplay for Mitty will be written by Steve Conrad, who previously penned The Pursuit of Happyness. Due to Verbinski’s recent hiring production is scheduled to begin sometime next spring. According to IMDB the film is slated for a 2012 release but we all know how often their information changes. We’ll keep you updated.

What do you think of Gore Verbinski taking on such classic material as The Secret Life of Walter Mitty? Are you interested in seeing a remake?