According to this item on MTV.com:
With Halloween mere days away, it was a nice surprise when Neil Gaiman dropped by the MTV offices to discuss his latest project, “The Graveyard Book” — now number one on its respective New York Times list. Given the intense interest in Hollywood to adapt it before it ever came out, we had to ask: Will there be a movie version?
Yes, according to Gaiman.
“I don’t know if I can talk about this, but seeing that you’ve asked me, and seeing that I haven’t been told by anybody that I can’t talk about it,” Neil revealed, “but yes.”
[…] “They want to start making films, and start producing their own films,” Gaiman said. “And they read it, and they loved it, and I spoke to them, and they said all the right things, and they seem to listen. So I don’t think it’s going to be transported to a graveyard in Los Angeles where they’ve been burying bathing beauties or anything. I think we’re actual going to stick with where the book is written and film that. And I think part of the idea is that they know they can also do the special effects cheaply.”
That will be a big issue for this film, considering most of the characters are “dead, or werewolves, or ghouls, or something else mysterious,” Gaiman said.
Exactly how that will be achieved — what levels of transparency are the ghosts? How corporeal can they get? — is “part of the fun of making the film,” he said. “There’s probably going to be an awful lot of screen tests to figure how you can pull it off in the subtlest, coolest, and most convincing way, and that will be a job for next year.”
The fact that Gaiman is producing the film fills me with hope that it’ll be a good adaptation.