Abrams Producing Micronauts?

In a Wall Street Journal article covering the sudden explosive interest that Hollywood has developed in toy products since the massive success of Transformers, it was revealed that "J.J. Abrams, who created the TV show "Lost" and directed this summer's "Star Trek" film, is in discussions to produce a movie about Japanese toy line Micronauts, which Hasbro just acquired."

Micronauts is a toy line from the 70s that lasted about four years in the United States before being cancelled. The toys were at first produced by Mego and then again in 2002 by Palisades Toys. There was also multiple comic book lines produced to go with the toys, first with Marvel and then again in 2002 with Image before moving to Devil's due before publishing on the franchise ended again. The basic idea is a group of adventures living in the Microverse (as in microscopic) fight to end the tyranny of Bara Karza. It was essentially Star Wars were everything occurred at the microscopic scale rather than in space. Click here to read up on the wiki entry for the potential future movie franchise.