Now out of nowhere comes the story that Judd Apatow will be producing a new comedy adventure starring Pee-Wee Herman. The two apparently met after Apatow saw the newly revived Pee-Wee Herman Show at the Nokia Theater. The tour has been selling out dates for the last few months, triggering a return to prominence for Reubens. A showing of Pee-Wee's Big Adventure sold out at the Orpheum Theater in Los Angeles just last week.
It doesnt' appear that Apatow has any interest in directing the project. The script is being written by Reubens alongside Paul Rust, who most will recognize as the lead character from I Love You, Beth Cooper
Pee-Wee's Big Adventure was a surprise hit back in 1985, coming out of nowhere to take in over $40M. It's since become something of a cult classic. That film's success spawned a less funny, less successful 1988 sequel, Big Top Pee-Wee. It's flat out terrible. Kris Kristofferson must still have nightmares. That led to a highly successful Saturday morning series, which I maintain was far more adult than my kiddie brain could've understood at the time, which ran from 1986-1990.
You can read more of Variety's coverage of the story here.