Browsing older treads I stumbled on this one and although the movie sucked, the notion of taking the Grimm fairytales, remove the Disney sugar-coating and dedicate an island to them (maybe replacing the newspaper cartoon island) would be a novel idea. The IP's are in the public domain.
What if Universal took a new spin on Snow White and used this as an inspiration video. Sure there would be a lot of terrified traumatised kids but I would love to visit it. ;-)