Via the Superman Through the Ages forum...
Newsarama has a report from this weekend's Toronto Con '06, at DC's Big Guns panel. Jim Lee, a pretty big gun, was among the panelists who were asked about DC's underrated heroes.
"Matter-Eater Lad. The guy can eat anything. What a great power that is. Nobody fully appreciates the ability to eat anything. Think about it."
When the panel was later asked which characters at the Big Two (DC and Marvel) they were interested in, Lee replied:
The Legion of Superheroes. "Starring Matter-Eater Lad!"
As noted here earlier, Jim Lee has already expressed an interest (or at least a desire) to draw the Legion, at the New York Comic Con '06 in February and Wizard World Philadelphia '06 in June.