Sandy Hook

In a chat talking up his April 16th adaptation of Kick-Ass, Matthew Vaughn told Comic Book Resources, "I would love to do Sandman but I think it's stuck in development hell. But that could be like a Lord of the Rings just a huge movie."

Vaughn refers to the graphic novel series by Neil Gaiman who also wrote Stardust, which Vaughn also adapted 3 years ago .

Sandman, is an epic 75-issue series about Morpheus, the personification of dreams, who must change his life and rebuild his kingdom after 70 years of imprisonment.

The series incorporates characters from the DC Comics universe, which will likely cause gigantic legal headaches, but also has elements of fantasy.

That would be a major undertaking yes but if done right---Wow! The biggest hurdle as I see it (aside from anything legal) would be what to leave in/take out...