Red Eagle Games has announced that they will launch and operate an MMO based on the world and characters of Wheel of Time. Electronic Arts will be handling distribution. Red Eagle also is partnering with Universal Pictures to produce at least three films based on the series.
The first few books in this series are some of my absolute favorite reads. I was so enthralled by it at one time, that I had recreated Tar Valon and a few other WoT places of interest back when Active Worlds was a bustling place.
I'm not sure what sort of classes they can create aside from Aes Sedai and their Gaidin, but I'll certainly be keeping my eye on how this MMO progresses. The movies I'm not so sure about. Aside from LotR, it seems fantasy films are never done particularly well. So not getting my hopes up too much there.