That looks like the word from Times Online through Movie Web. In the article James Cameron talks about his upcoming projects. Here’s the bullet point read.
I’m directing two movies back-to-back and I’ve got two more lined up after that…Two movies using the same techniques, the same 3-D digital-camera system, the same virtual production studio. They’re big projects…
…The first will come out in the summer of 2007, the second in the summer of 2009. One is called Battle Angel…The other, which he refuses to talk about at this stage, may be what is known in Cameron circles as Project 880.
He will not be making Terminator 4, and he will not be making True Lies 2, as has been rumoured.
Well bear in mind there’s no direct quote to back that up, that’s the reporter writing there. So that means we can all hold out some faint glimmer of hope…make sure it’s faint though. Sad news out there, or do you think there are other Directors who could handle these remakes?
Frankly I don’t think there is anyone who can capture what these movies were about and recreate them. I mean look at the recent Terminator movie, that was a joke, it was like the Airplane version of the film. There’s something about both these original movies that was just so special I don’t know if they can be recreated, even by Cameron (that’s a challenge!).