After the uneven travesty that was Prince of Persia: The Sands of Time, director Mike Newell needs a rebound — fast! Luckily for him, he’s landed a new gig that will have him to take on more classic material. According to THR, Newell will helm a new adaptation of the Charles Dickens novel Great Expectations.

You might be asking yourself, “how many versions of this story can Hollywood make?” We’re not sure, but something tells us we’re nowhere near the end of this phenomenon. The trade reports that Newell will direct the feature, which “will be part of a year-round celebration of Charles Dickens’ bicentenary in 2012.” Isn’t that convenient?

Here’s the official synopsis of the book:

Pip, a poor orphan being raised by a cruel sister, does not have much in the way of great expectations between his terrifying experience in a graveyard with a convict named Magwitch and his humiliating visits with the eccentric Miss Havisham’s beautiful but manipulative niece, Estella, who torments him until he is elevated to wealth by an anonymous benefactor. Full of unforgettable characters, Great Expectations is a tale of intrigue, unattainable love, and all of the happiness money can’t buy. Great Expectations has the most wonderful and most perfectly worked-out plot for a novel in the English language, according to John Irving, and J. Hillis Miller declares, Great Expectations is the most unified and concentrated expression of Dickens’s abiding sense of the world, and Pip might be called the archetypal Dickens hero.

We wonder who’ll play Pip and Estella in this version?

What do you think of Newell taking on Great Expectations? Is he the right choice?