Yup, i belive He-Man comes out next year. Not sure where it is set, though I'm sure you can find all the information you need on IMDB. He-Man is being played by the guy who played Smith on Sex and The City. I think that is PERFECT casting!
And as corny as He-Man: Master of the Universe movie was, I have SUCH great memories of it! And check out Courtney Cox! Haha..