Disney seems to think that 20, 000 Leagues Under The Sea will be their next franchise. Adding "Captain Nemo" to their new remake's title gives this impression. Director McG who will be helming the new Terminator trilogy is taking the project on. He has the prefect visual skills needed for this Disney epic. Along with the experience needed for a large scale science fiction action film. It's not known at this time if they'll keep the time period the same as the original film and novel.
Update: McG recently mentioned how much he'd like to have Will Smith star. It's unknown if Smith would play the obsessive Captain Nemo or sailor Ned Land. It would be interesting to see Will play a villain in a huge blockbuster.
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