A ‘Wizard of Oz’ Prequel?

According to sources, Disney is working on a prequel to ‘The Wizard of Oz’. Disney is reportedly aiming for Johnny Depp or Robert Downey, Jr as The Wizard, with Baz Luhrmann as the director.

How amazing would this be? Baz Luhrmann or Tim Burton would be our picks for the director. Would you go see it?