I don't think that the main show will do a take on the Aladdin story beyond what they did in Wonderland, but what if they've done more then we thought. I loved Once Upon A Time in Wonderland and thought the story was really amazing and liked that they incorporated more then Alice in Wonderland. I've lost hope that we might see Aladdin and Jasmine in the show but maybe we've already seen the show's take on them. We know the Once writers like to combine characters and do alternate takes on the original stories/movies and maybe they did a rather large take on the Aladdin story.
I think Cyrus is the Once's version of Aladdin AND Genie and that Alice is Jasmine.
-In the disney movie Aladdin, Aladdin goes to the Cave of Wonders to help someone (Jafar in disquise) and finds Genie. In OUATIW, Cyrus goes to the Well of Wonders to help someone (Amara) and BECOMES Genie.
-Jasmine is the true love of Aladdin who becomes and enemy of Movie Jafar while Alice is the true love of Cyrus who becomes an enemy of Once Jafar.
-Movie Jafar kidnaps Aladdin to keep him away from his true love and eventually gains control of Genie. Once Jafar kidnaps Cyrus and keeps him from his true love and eventually gains control of the Genies.
I don't know if we'll ever confirmation on this theory or if we'll see the actual Aladdin & Jasmine and be given a more obvious Once version of their story, but I just saw some interesting connections in these characters.