One of Ghibli's newst projects is "Gake no ue no Ponyo", or "Ponyo Above a Cliff" (or "Ponyo On A Cliff"). This one will be directed by Hayao Miyazaki The plot focuses on Princess Ponyo, a goldfish who wants to become human, and 5 year old Sosuke, who is based off of Goro Miyazaki at that age.
One illustration, and perhaps the most famous one to date, is of Sosuke holding a bucket with Ponyo in it. Location scouting, rumored to be in Seto naikai, began in the summer of 2006, and production began in October of 2006.
Check out Nausicaa.net for more info.
Coming Up for Japanese Holidays/Festivals:
~ 47 Ronin Festival
~ Sakura Viewing
~ Golden Week