Dakota Fanning is tipped to star in a sequel to The Wizard Of Oz, according to reports. The film's producer, Basil Iwanyk, says, "It will be set in the present day and feature Dorothy's granddaughter." Co-producer Todd McFarlane adds, "You've still got Dorothy trapped in an odd place, but she's much closer to the Ripley character from Alien than a helpless singing girl." Hmmm..that's quite i…