The Anime News Network had a small mention of this, but it looks like Piers Anthony's Split Infinity is to become "an Anime movie", according to his newsletter. I enjoyed the few books I've read of Anthony's "Xanth" series, so I find this interesting. No details if it's going to be made by a Japanese studio or what, though.

This reminds me of the Dragonlance animated movie that's in production right now. Frankly, after reading Tolkein's classic, I remember enjoying the Dragonlance series of books much more. Sure, The Lord of the Rings had astounding world building and some wonderful made-up languages and word usage, but the story and characters created by Tracy Hickman and Margaret Weis were much more enjoyable, much more dramatic, and their inner turmoil was presented better.