It is based on Gideon Defoe's book The Pirates! In an Adventure With Scientists (which will also be the film's title in the UK), and will be titled The Pirates! Band of Misfits for it's US release. The film is being headed by Chicken Run director and Aardman co-founder Peter Lord. It will feature the voice talents of Hugh Grant, Martin Freeman, Jeremy Piven, Salma Hayek, and Brendan Gleeson.
No word on a release date for the film yet, but I can't wait to see it. I grew up loving Wallace and Gromit, and there's just something about Aardman's style, and clay stop-motion altogether that just gets to me--it is so stylized and awesome! Expect more news about this in the coming months . . .