From what I am able to glean from the various reports, the news is this: James Cameron, who exited the franchise after dropping the mic with 1991's Terminator 2: Judgment Day, is back. Not as director, as a producer who will oversee a writers room charged with dreaming up a brand new Terminator trilogy.
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Nolte: Hollywood Reboots ‘The Terminator’ … for the Third Freakin’ Time