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Last I heard was it was just about to start production and then got put on hold indefinitely. Possible budget issues and backend percentages.
If they got some fresh eyes on it and it's a quality script, I'd love to see them revisit that franchise.
Myers has been out of the loop for a while, and I think tanking follow up movies along with personal life issues and a messy divorce all built up to him feeling burnt out and a spat of depression.
I'm sure that it will get made at some point. Much like the constant delays in getting the Dumb and Dumber sequel finally made. Something they've been trying to get made all the way back as early as 2006, and discussion of the project in talks since around 2002. It just took them 9 years from the original shoot date.
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Suck it, beautiful
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