Looks like Dreamworks has picked this film up. Steven Spielberg even has some nice words to say about Peter Jackson.
"When you read an emotionally magical story that cries out to be turned into a major motion picture, you hope its winding path can find its way to the door of your own company," said Steven Spielberg. "Peter Jackson has made this possible and I am so grateful to him, Fran and Film 4 for giving 'The Lovely Bones' a home at DreamWorks."
"Alice Sebold's story affects readers in deeply personal ways and the most important consideration for me was finding a studio partner who felt an equally strong connection with the book. Not just in sharing our emotional reaction to the story, but our desire to see it told in an original, adventurous way on screen," said Peter Jackson. "I eagerly look forward to the days and months ahead with Stacey, Steven, Adam Goodman and the team at Dreamworks."