picture from Barefoot Books website linked below
Barefoot Books has recently (Oct) released yet another new version of the Nights. This one comes to us from author Wafa Tarnowska and is geared toward children. I read a review on Amazon that the author translated from an "original" 14th century manuscript. Unless the author has a secret manuscript though I doubt this is the case as the oldest manuscript has been dated to the 1500s. In addition she puts "Aladdin" in her version and as you know the story's first appearance was in French in the early 1700s.
It would be interesting to see how this book revisions the Nights for children.
There is a pdf interview on the publisher's website but it's really vague and general along the lines of "the stories in the Nights have adventures" and "my grandmother used to tell me stories from the Nights" and "the Nights are related to today because of the Middle East."
Here's the website: http://store.barefootbooks.com/the-arabian-nights.html