PantherX20 said:

http://www.moviehole.net/
news/3967.html

James Cameron's on-again off-again sequel to "True Lies" [1994] is still very much alive, Moviehole has learnt today.

Cameron is currently planning to produce it under his Lightstorm Entertainment and reimagine it more as 'a James Bond type film and not a pre terrorist action film', which after the events of September 11, Cameron decided he definitely didn't want to make.

There's no start date for the film - which will probably feature either Russians or a German Neo Nazi group as villains - but we're told that it may be Arnold Schwarzenegger's first film out of office.

James Cameron won't be directing the film, he'll only produce. No word on whether Tom Arnold or Jamie Lee Curtis are involved, but Arnold Schwarzenegger has already expressed interest apparently.

Schwarzenegger originally said he wouldn't do a Cameron-less "True Lies 2". But he also said he wouldn't do "Terminator 3" without James Cameron either and at the end of the day -money talked and the cyborg rose again.

In "True Lies", Schwarzenegger played Harry Tasker, a super-spy who hides his real job from his wife (Jamie Lee Curtis). The film made quite a nice penny worldwide and was one of the biggest flicks for Schwarzenegger in quite some time. The sequel has been on-again off-again for the best part of five years.