Will Arnold Be Back for "T4"?

He might be governor, but Arnold Schwarzenegger isn't quite ready to say hasta la vista to The Terminator.

According to Daily Variety, Terminator 4 has emerged from development and is set to rise into production in 2005--and Schwarzenegger is in talks about making an appearance in the film.

John Brancato and Michael Ferris, the writers who penned Terminator 3: Rise of the Machines have finished a script with T3 director Jonathan Mostow, who took over the franchise from James Cameron.

What is up in the air is the cast. It remains to be seen if several key players will return, including Schwarzenegger, Nick Stahl and Claire Danes. No official word on whether the two younger stars have been approached, but Variety reports that neither is believed to have signed an option agreement when they took on the roles of John Connor and Kate Brewster in T3.

The biggest question mark, however, remains the supermachine himself. Schwarzenegger has reportedly been approached for the project, but if he does sign on to don those famous shades and leather jacket again, it will likely only be in a limited capacity. The buzz on T4 is that the story will revolve around a brand-new, bigger, badder even more indestructible killing machine.

The lack of Schwarnegger on the marquee might not be great news for the marketing department, but it should hearten the accountants.

T3 went down as one of the most expensive movies ever made with a production budget upwards of $200 million plus another $40 million in marketing costs, according to BoxOfficeMojo.com. Schwarzenegger alone pocketed a $30 million paycheck.

Still, T3 grossed more than $430 million worldwide and performed strongly on home video, guaranteeing the cyborg will be back for at least one more bloodbath.

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