This would be the third time that this Little Shop of Horrors got the big screen treatment. The original film came from Roger Corman in 1960. The story followed an unconfident florist who becomes successful after he discovers an unusual looking plant that turns out to be an alien from outer space who eats people. It was then turned into an off-Broadway musical. Then in 1986 Frank Oz remade the movie with Rick Moranis, Steve Martin, and the best movie cameo ever by Billy Murray.
If everything falls into place, Gordon-Levitt will take on the lead role of Seymour, the geeky florist who "is forced to feed the beast in order to keep his fame and popularity rising."
There's no director attached yet, but I think it's a great project for Levitt to tackle. The guy fits the role and he seems to really enjoy singing. I can see him doing a great job with this film project, and I'm looking forward to seeing what becomes of it.