The Wolf Man (2010)
@ Wikipedia
The Wolf Man is a 2010 horror film by Universal Studios that is a remake of their 1941 classic. This project will be directed by Joe Johnston whose films include Hidalgo, Jurassic Park III and October Sky.
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EW.com has the first photos of Benicio Del Toro in full makeup.

There's also an article with famed fx and makeup artist Rick Baker:
EW - First Look: Benicio Del Toro as the Wolfman
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I'm pretty excitied about this project. I'm a huge fan of the Lon Chaney Jr. original. Benicio Del Toro is a great actor and an inspired choice. It would have been nice to have someone like David Fincher directing, but I think I can live with Johnston considering that October Sky was a good film.
The Wolf Man also stars Anthony Hopkins, Emily Blunt and Hugo Weaving. It's slated for release on February 13, 2009.