Henry Selick (THE NIGHTMARE BEFORE CHRISTMAS, CORALINE) is resurrecting THE SHADOW KING - a project canned by Disney last Summer.  BEASTS OF THE SOUTHERN WILD producer Josh Penn is on-board, and plans evidently call for some footage from the film to be shown in a few days at the European Film Market (February 7-15) .  

"The Shadow King," directed by Selick from his own script, centers on a nine-year-old New York orphan who hides his strange hands with long fingers from a cruel world. When's he's taught how to make amazing hand shadows that come to life, his hands become weapons in a shadow war against a monster bent on killing his brother and ultimately destroying New York.

 ...says THIS piece in Variety.  

Sounds like a fun and cool project, and it certainly has Selick written all over it.  Although,  I'm having trouble wrapping my brain around what something like this looks like and feels like based on the descriptions we've received so far.  Hopefully some media will come forth soon which'll answer such questions...when that does happen, we'll let you know. 

Here's an interesting discussion with Selick...