if they ever make another one maybee justin bieber or zac effron will be peterpan this time. i love to have jeremy again too

Lol. It would be way too late for Jeremy. He's totally a man these days. Even back then when he was 13 it was almost too late as he had more of a pre-teen features than a 12-year old child's and his voice started sounding pre-teen too instead of a 12-year old. But otherwise he was perfect Peter Pan.

I don't see why they should make another "with better special effects". Why should the special effect matter at all? To me the characterization, faithfulness to the novel, the storyline's logic, actor skills and atmosphere is all that matters and that is all perfectly well in this movie. More/better special effects would likely just distract.

EDIT: Besides, I don't see anything wrong with the special effects in this movie.