It was really only a matter of time at this point that this project would turn up, but I have to say, I didn't expect the personnel.
Deadline are reporting that Disney is in talks with Guy Ritchie to get him to direct a live action version of Aladdin. Big Fish's John August has written the script. Not much more is known here, with no release window, but it is noted that "the hope is to start a new franchise".
Disney are all in for their live action versions of animated classics, and while I can't quite 'see' a Ritchie Aladdin, I have to say, I'm interested in whatever it does end up looking like.