Cool. And Walden Media, who did such a good job with "Holes," is participating. That will be good, and help keep it on track.
It is ironic that it is announced this week, when "Lord of the Rings," by C.S. Lewis' friend and contemporary, J.R.R. Tolkien, wins a record number of Oscars; while Mel Gibson's "The Passion of the Christ" grabs a record $125 million (for a Wednesday opening) and helps stir up interest in Christian films, too. "The Chronicles of Narnia" is very similar in some ways to "The Lord of the Rings," and it is also full of Christian themes and overtones.
Should be a good movie, and do well at the box office. And with Walden media and Shrek's director involved, I am sure that it will be both: a great film and a moneymaker.