According to a post on the official twitter for Production Weekly:
“James Cameron is developing a Shane Salerno-scripted sci-fi action script for Fox, described as an “event” film set in the future.“
Also thanks to THR this bit of information can be provided about the project:
“Plot details are being kept under wraps, but it is known to be an epic adventure in the vein of The Seven Samurai involving a group of aliens and humans with various abilities who are brought together to save Earth.”
It is also unknown at this point if Cameron is planning to direct the film or just act as a producer. Whatever the case may be, this only adds to the mystery involving anything an everything Cameron these days. For now, everyone will have to wait and see how Avatar does before new projects top the headlines.
Would you be interested in another futuristic action film from James Cameron?