That makes sense. And it'd further the real world symbolism of the story since it'd be decades since Yen Sid saw Oswald like how it was decades since Disney last used him in a cartoon. I'm thinking that the realm of the story should be a fantasy equivalent to the 50's Americana that Disney loved so much. That'd just give the film a distinctive aesthetic of its own. Plus this movie would be important as a way to reintroduce Oswald to an audience that hadn't seen him since the last of the Univeral shorts in the early 50's. The villain should be the Shadow Blot since this could be considered Epic Oswald: The Movie.
Oswald was last seen in comics published in the 1960's. Also does any body like the idea of a second oswald movie that uses Walt's first cartoon character Julius the cat form the Alice comedies series. I have him depited as beign being quite bitter and jeously at his borthers Mickey and Oswald being famous cartoon stars while he was second banna to a human actresss and doomed to obscurity.