Fox and Cameron have officially announced the rumored "Project 880" is in fact Avatar. link Weta will be doing the FX, the budget will be $200 million and it's scheduled for a summer 2009 release date and is being planned to be shown in 3D in conventional theaters (though I'm puzzled as to how, unless the Lucas/Cameron/Jackson push for theater screen 3D upgrades is actually happening). It's been over a decade since a non-documentary Cameron picture, and that's just too long for me. I can't wait for this- I remember reading part of a draft of the script a decade ago, which is kinda insane when I think about it. The man's got a flawless filmography (Piranha II doesn't count!), so he has my absolute faith in his ability to deliver on this flick.