After more than a year of wishing with all its heart, the contemporary update of Pinocchio seems to have finally become a real project at last: Fox has hired Shawn Levy to direct a “Pinocchio prequel,” The Three Misfortunes Of Geppetto, thereby achieving the magical, fairy-dust-sprinkling number of three competing projects in development that’s required for any such reimagining to be taken seriously. Geppetto joins the previously reported Guillermo del Toro-produced, 3-D stop-motion-animated Pinocchio and the Bryan Fuller-scripted live-action version at Warner Bros.—a version that has now apparently come full circle from its Alice In Wonderland (and Alice In Wonderland’s box-office) inspirations by attracting the interest of Tim Burton, what with its built-in storyline, character design, and lack of need to think too hard about anything.