Latino Review has the scoop, saying that the Wachowskis have started the writing process and have turned in treatments and outlines to Warners. It’s not clear whether or not they’ll direct the films, if they actually come to pass.
This is all very early in the process, obviously, and that’s assuming that LR’s sources are even correct. But if they are -- which they usually are -- what do you guys think? Is a return to the Matrix in order?