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Looks like we have some good (and possibly bad) news for fans of the Mission Impossible franchise. Mike Fleming at Deadline Hollywood is reporting that Paramount and Tom Cruise have indeed put away their past squabbles in order to pave the way for a fourth Mission Impossible film starring Cruise as Impossible Mission Force agent Ethan Hunt. The possibly bad news? MI3 director J.J. Abrams will not be captaining the ship this time out.

Deadline reports that Abrams will be producing alongside the leading man, but that the studio is actively looking for a director to hire. I suppose that means Abrams hasn't been ruled completely out - who knows, he may fall in love with the project and hop back into the directors chair - but it's not likely he'll return in that capacity. We do have two more names confirmed for the project though: writing duo Josh Appelbaum and Andre Nemec. The pair may not be all that well known on the cinema front, but fans of the small screen should recognize both as writer/producers on a number of television shows, including the Abrams-produced, spy-loving Alias.

There's no confirmation at this stage as to whether or not any previous cast members will be returning, but if they're keeping the streak going by bringing back Cruise they may as well bring back Ving Rhames for him to play off. Beyond that, however, the only other major bit of news is that Paramount will be shooting this summer for a Memorial Day 2011 release.

But what say you? Are you glad to see Tom Cruise reentering the IMF fold? Or would you rather see a franchise return follow the current Hollywood trend of flat-out reboot with a new cast?

Is Joe Johnston's The Wolfman a new spin on the 1941 Universal classic or is it a shocking, gorier reboot of Big Top Pee-Wee? Benicio Del Toro seems to be working hard to compete with Marmaduke, Marley, and the Beverly Hills Chihuahua for the title of Hollywood's hottest canine actor. He first appeared in a full fur face in the 1988 Pee-Wee Herman vehicle in a small part as circus freak Duke the Dog-Faced Boy.

His role as Lawrence Talbot in The Wolfman represents the curse of type-casting at its worst. It's clear now that Del Toro will only be considered for roles that call for a half-puppy/half-man hybrid. I'm expecting him to tackle the role of Snoopy in a live-action version of You're a Good Man, Charlie Brown very soon. (I'm also kidding.)

You don't think The Wolfman is even remotely similar to Big Top Pee-Wee because one is a gothic horror and one is a silly comedy? Consider this -- Pee-Wee Herman makes out with both Valeria Golino (whatever happened to her?) and Penelope Ann Miller in the film. Pee-Wee's tongue in your mouth? That's scarier than anything that happens in The Wolfman.

A Serious Man
Coen Brothers. Academy Award-nominated. Need more? "The culmination of their lives, reminiscent both of their own suburban childhoods in the '60s, and of their cinematic successes over the last twenty-five years." Michael Stuhbarg stars as "a man utterly at a loss to explain his life's severe turn for the worse; he is a man desperate for answers." (Monika Bartyzel, Cinematical.) Buy it.

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Couples Retreat
Shameless it may be, but "you end up laughing more than expected," I wrote in my review. Vince Vaughan, Jon Favreau, Jason Bateman, Faizon Love, Malin Akerman, Kristin Davis, Kristen Bell and Kali Hawk star. The comedy is broad and silly, but harsher truths occasionally emerge. Rent it.

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The Time Traveler's Wife
Eric Bana and Rachel McAdams star in an adaptation of the novel by Audrey Niffenegger. "Adds up to a mildly successful time-passer, though one too concerned with trying to target its audience rather than with trying to figure out where it's actually coming from." (Jeffrey M. Anderson, Cinematical.) Rent it.

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The Stepfather
"The most intense Lifetime Channel Original Movie that the Lifetime Channel never made. ... [It] just isn't enough." (Peter Hall, Horror Squad.) Skip it.

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Also out: Serious Moonlight, Free Style, Emma, Dante's Inferno: An Animated Epic.

After the jump: Indies on DVD, library titles on Blu-ray, and Collector's Corner!

I was glad I opted to watch the opening night shorts program at this year's Sundance Film Festival because it was packed with four fantastic short films. One of those (arguably the favorite of the bunch) was an animated film called Logorama, written and directed by the French duo of François Alaux and Herve de Crecy. Now nominated for a Best Animated Short Oscar, Logorama takes place in a world full of corporate and brand logos (in which roughly 2,500 appear), and it follows a few different stories that all intertwine with one another. Honestly, it's bloody brilliant, and I guarantee it'll be the best thing you watch all week.

At Sundance, a bunch of us wondered how these guys could get away with making something like this without facing hundreds of lawsuits, and then we wondered whether legal matters would ever stop it from existing in some form online. Perhaps someone with a law background could chime in here, but in the meantime you simply must head after the jump to watch this film. My favorite part is the Joker-esque Ronald McDonald, but it's also the tiniest details that truly make this film a work of art. You may normally not pay attention to the short film categories at the Oscars (partly because they're not as widely distributed as the feature films), but after watching Logorama I think you'll be rooting for it come March 7th.

Check it out after the jump and let us know what you think.

It's a bird, it's a plane ... it's Warner Bros. asking Christopher Nolan to pretty please resurrect their Superman franchise and do something cool with it! According to Deadline Hollywood, Nolan has been asked to come in and sort of "mentor" the next Superman movie, and it won't be a sequel to Superman Returns, but instead the beginning of a brand new franchise. Furthermore, DH says Nolan probably won't direct -- especially since David Goyer, Jonah Nolan and Chris Nolan are all busy planning and writing the next Batman installment as we speak -- so what will he do, exactly, when it comes to the new Superman? That's not clear yet, and DH stresses that the film is still in its real early stages of development (ahem, I think they're bringing him in to lay the groundwork for a Justice League movie, but we'll see ...)

Still, knowing Nolan is somehow involved in the rebirth of Superman should at the very least breathe some excited life into a franchise that a lot of folks have kinda lost faith in because, let's face it, the fans feel Warner Bros. had lost faith in it, too. One insider told DH, "We know what we don't want to do. But we don't know what we want to do. We learned a lot from the last movie, and we want to get it right this time." Obviously Nolan has success in rebooting a DC Comics franchise, as evidenced by the work he's done with Batman. But Superman is a different beast all together, and one imagines they'll start with trying to ground the franchise a bit more with a freakier set of villains and perhaps a more relatable, down-to-earth storyline. Not that we need Clark Kent making MySpace references for 120 minutes, but I could see them focusing more on the burden Superman is carrying -- that "weight of the world" angle -- and less on his little romance with Lois Lane.

What do you think? What would you like to see them do with the new Superman?

As you may have realized by now, the main villain of The Green Lantern isn't going to be Sinestro, but will be Peter Sarsgaard's Dr. Hector Hammond. Sinestro will be there, lurking in the wings, but it's all about Hammond and his big, bad, psychic powers this time around. But like all bad boys, Hammond has turned to the dark side because of deep seated issues in his childhood. So, you need a father figure to menace our poor doctor, and THR's Heat Vision reports that Tim Robbins has volunteered for the job.

Robbins will play Senator Hammond, the disapproving father of Hector. Despite that Hector has become a brilliant pathologist, the Senator remains unimpressed. Presumably, the senator would rather his son follow him into politics, and reap the benefits of wealth, power, money, and women. When Hector stumbles upon a meteor that gives him overwhelming psychic powers, I'm guessing Daddy Dearest becomes enemy #1. The Senator's going to live to regret never playing catch with his son.

Sarsgaard and Robbins should play very well off each other. Both of them excel at playing despicable people. It might be more fun watching them go at each other than seeing the eventual showdown between Hal Jordan and Dr. Hammond. Therein lies the danger of a great cast filling out those supporting roles!

Following rumors from last November, The Hollywood Reporter posts that Sam Worthington will star in The Fields (previously called The Texas Killing Fields). Ami Canaan Mann -- daughter of Michael -- will direct Don Ferrarone's script, which is based on a true story. Worthington will play a "Texas homicide detective who joins with a New York detective to investigate unsolved murders in the Texas bayous." Pre-production has begun on the project, but the Manhattan law is yet to be cast.

With this latest confirmation, it's clear that all of those Worthington rumors aren't just blank, rumor-mill hype whipped up because of Avatar. His name has been batted about for Mad Max 4, he's said to be attached to American Crime, there have been questions about playing savior of the universe Flash Gordon, and maybe even Dracula.

The man is definitely a hot commodity, and with all due respect (I swear!) I ask: why? He's got the looks and the build to play the tough guy, that's for certain. He's an okay actor too (although we should look for more than okay), but he's lacking that OMG Next Big Thing! charisma. Or the I really like this guy! charisma. Or the He's so damn cool! charisma. Even fluffy action movies (could Flash Gordon be anything but?) need that winning presence to pull you in and fuel a franchise. Imagine Han Solo and Indiana Jones without Harrison Ford's charm... Or more applicably, the old-school Mel Gibson who led Mad Max and Lethal Weapon. The classics we love are iconic because of that magnetic, irresistible pull the stars possess.

Just when we started to get used to what could become a really fun Halloween box office to-the-death match-up between the Saw franchise and the up-and-coming Paranormal Activity franchise comes word that in all probability Saw VII will mark the final installment in the franchise. Speaking to a UK radio show, Saw IV, V, VI and VII co-writer Patrick Melton revealed that while the plan was to continue making Saw films until at least part eight, the lackluster box office showing for Saw VI has pretty much put the nail in this franchise's coffin.

Melton says (via Latino Review), "I think it's going to end with Saw VII. I have a very strong feeling its going to end with Saw VII. That's something we're debating now. You saw in previous interviews or discussions where we thought Saw VIII would be the last one where we had the first trilogy and the second trilogy and then sort of a grand finale wrapped up in two films. But frankly because Saw VI hasn't performed as well as we anticipated, the idea is well why make two movies when we can make one really excellent movie that wraps up as best we can? And it's going to be in 3-D which sort of adds to the spectacle. So if you had to ask me, I don't own the franchise, nor do I run the studio, but I have a feeling, a strong feeling that it's going to be Saw VII which will be also known as Endgame. And nothing's official yet, but that's where we're hoping things will go."

"In Austin Texas, the lives of three young people "Erica, Franki and Nate" intertwine in a fateful, tragic way and head down a rocky and violent road to heart-rending oblivion."

Going off the above description from the official SXSW program guide, Red, White & Blue reads like it could be a number of different films, but two names attached to the production hint at what kind of "heart-rending oblivion" it'll be. First off, this is the latest film from The Living and the Dead director Simon Rumley, so we can begin to rule RW&B out as, say, a Havoc-type melodrama about teenagers dipping their toes into life on the other side of the tracks and winding up in over their heads. Second, its roster of producers includes Tim League, which should give anyone familiar with the cinematic tastes of both Fantastic Fest and the Alamo Drafthouse (League is a co-founder of both) an idea of what kind of genre brew will be coming to SXSW in a few weeks time.

But even with those two nuggets, nothing gives as good an idea of what's in store than seeing the beast in motion. And with that, Cinematical is proud to offer you the premiere of Red, White & Blue's first teaser trailer, starring Noah Tyler, Amanda Fuller and Marc Senter.

Be warned, the below teaser is most definitely Not Safe For Work. Nudity and sexual explicitness abound, so keep that in mind before you click on.

New Line must be pretty happy with Valentine's Day, the new Garry Marshall rom-com that hits theaters this Friday. It hasn't even been released yet, and the studio is already prepping a follow-up. Variety reports that they're getting ready for a spin-off of the ensemble comedy, and they expect Marshall to come back and direct.

Titled New Year's Eve, the film will deal with a big Fourth of July celebration. No, I kid. Shooting late this year for release at the end of 2011, the film will tackle New Year's Eve celebrations, and it will include "some" of the characters from Valentine's Day. I'm assuming that "some" will be whomever is interested in continuing on the romance train. Katherine Fugate is returning to write the feature, and the producers are back; it's pretty much a repeat of the last film.

Since the first isn't out yet, it would be a wee bit hard to muse over what the follow-up will be like. However, I'm eager to see what happens with Eric Dane and Bradley Cooper. If you caught my post last week, their relationship has been well hidden by the film's marketing department, and as a reader who has seen the film commented, "they're still the only couple in the movie that never touch one another, let alone kiss." Maybe it's all riding on the sequel.