A remake of "The Dam Busters" is a work in progress of Sir David Frost's Paradine Productions. The original production schedule (delivery of the film to the studio in early 2009 for a possible summer 2009 release) has now slipped and release is now expected in 2010. Budget is reported as $40 million.
People and companies known to be involved in the remake include:
Sir David Frost - Executive Producer
Peter Jackson (Lord of the Rings, King Kong etc.) - Producer
Christian Rivers - Director (making his directorial debut, as Michael Anderson did on the original film)
Steven Fry (QI, Wilde, Blackadder, Gosford Park etc.) - Scriptwriter
Weta Workshop - large props, including ten Lancasters
Weta Digital - digital visual effects
No cast have been announced as yet; Sir Ian McKellen has been mooted in the media as a possible Barnes Wallis (though he's actually 14 years too old), and James McAvoy has also been mentioned as a possible Guy Gibson (incredibly, he's 5 years too old too)!
The press have already picked up on the problem of the name of Gibson's dog (******) in the film, and Peter Jackson has said they'll be "damned-if-they-do, damned-if-they-don't"! Press reports have said that "Nidge" is going to be used instead.
More information on the film available from
http://en.wikipedia.org/wiki/Dambusters_(2008_film)