The production of the movie version of Bone, based on the celebrated Jeff Smith comic saga that Telltale was adapting before they weren't, looks to finally be starting in earnest soon now that a director has been signed. It is Australian director P.J. Hogan, best known for the 2003 live action take on Peter Pan. Its screenwriter is Patrick Sean Smith, a fellow with a number of television credits who'll be making his first foray into features with this project.
As previously known, the animated film will be produced by Lin Pictures and Animal Logic (of Happy Feet fame), with Warner Bros. holding the comics' film rights. There are no details on whether or not the adaptation will consist of multiple films, which was discussed at one point, but this news would certainly suggest that things are moving forward.
Source: The Hollywood Reporter