Neverending Story Remake

The Neverending Story, written by Michael Ende, is a German fantasy novel, made into a 1984 film, two sequels, a 1995 animated series, and a live-action miniseries. I have to say that as "successful" as this franchise has been, it has NOT done the book justice. I've read the book, and it is much richer and has much more potential than the films and TV shows suggest. With the success of franchises like Harry Potter, Narnia and Lord of the Rings, and advances in technology (CGI and performance capture used in such films as Beowulf and Avatar), I think now is the time to really breath some life into such a fantastic book. More importantly, stick to the book as much as possible, showcasing what made the book great. Naturally, it would have to be a two-part movie; just as the original films (but not so loose).