Rumor Mill: Studio Ghibli Meets Earthsea?

Anime News Service is reporting the blog entry of an anonymous editor for a publisher in Tokyo. This editor claims that Studio Ghibli, one of the finest animation studios in the world, will be adapting Ursula K. Le Guin's Earthsea novels. He also says that Ghibli optioned the film rights and that Hayao Miyazaki, who has expressed admiration of Le Guin's works, intends to direct. Miyazaki is the man behind such animation classics as My Neighbor Totoro, Spirited Away, and Castle of Caligostro. Interesting!