We previously posted a tantalizing tidbit about a possible new S&S adaptation, and Alert Janeite Arwen came up with the goods: it will be a modern-set Spanish language (we assume) adaptation called SENSIBILIDAD.
Currently, (playwright Luis Alfaro) is collaborating with director Fina Torres on Sensibilidad, a contemporary adaptation of Sense and Sensibility set in Los Angeles.
Coolness! And kudos to Arwen for tracking down the info.