BigShinyRobot reports today Funimation and Cybergraphix are working together on a new project named "Guardians of Luna". The official website located at http://www.guardiansofluna.com/ doesn't currently have any more information, but both BigShinyRobot and a LiveJournal user are reporting that the staff will consist of:

1. Michael Reaves (Writer) - IMDB - Writer of quite a number of famous Anime shows. Check out the IMDB for more.
   
2. Cindy H. Yamauchi (Character Designer) - IMDB - Known for Naruto and other famous Animes.
   
3. More on IMDB
   

This looks like one that has been in the works for a very long time, and will be one to keep your eye on.