Considering Universal's stake in the Jay Ward characters when they started releasing those movies that flopped, then dropping their share of the license like a hot rock, I am a bit skeptical. It's probably true that Dreamworks bought up the company so they could make Jay Ward movies (if P&S is popular enough), but then you have the vast Filmation library. I don't see why Mattel doesn't pull a Hasbro and just purchase the rights to the He-Man Universe completely so they'd own the cartoon and the characters. Bill Cosby probably has enough to get Fat Albert, lubbock, stubbock, an'-ba babarrelbuh.
Of course, if there's one thing I want to see, if Peabody and Sherman is successful (and after Turbo, glob knows they need it) I want them to go to the other side of the Classic Media owned, Gamma animation studio made cartoon classics and reboot Underdog with a good movie. If they can do Peabody and Sherman completely CGI, there's no excuse to not make everyone forget about that travesty Disney farted out.