The Rum Diary is an old novel (late 50's) by Hunter S. Thompson that is being turned into a film. It was only just published a few years ago, and is a wild story. Natch.

It will be directed by Benicio del Toro (appropriate choice), and will star Johnny Depp (hmmm have these guys worked together before?) and Nick Nolte. I'm pretty pumped up-it should be a serious cult film just like Fear & Loathing.

BTW, Johnny Depp has also signed on to star in McG's Superman which we won't see until summer 2006. Don't forget Tim Burton's Chocolate Factory, with Johnny as Willy Wonka.
We've entered the twilight phase of Mr. Depp's luminous career...