/Film reports that Drew McWeeny over at Hitfix says the buzz at Sundance is that Seth Rogen’s superhero movie The Green Hornet is basically on life support over at Sony, and that there’s “a good chance the studio’s going to kick the plug out any moment now.” Drew reports:

[A]t Sundance, I heard several people say that the film was off completely. I spoke this afternoon with a source close to the film, and while they didn’t call it completely dead, they did say it is “highly unlikely” that the film will shoot in 2009 at all.

The screenplay written by Evan Goldberg (Pineapple Express, Superbad) follows a newspaper publisher Britt Reid (Rogen) who fights crime as a masked superhero known as The Green Hornet. At his side is martial arts expert Kato (Chow). Stephen Chow recently dropped out of the directing role, but is supposedly still in the movie. The release of June 25th, 2010 is not looking too likely now.

Would you be upset if we never get to see The Green Hornet?