It’s only appropriate, I think, that news surrounding The World’s End would get followed by an update regarding Bill & Ted 3. In the latter camp, Vulture reports that the long-awaited third installment of the not-quite-stoners’ adventures is looking to really happen, as Keanu Reeves and Alex Winter are (apparently) already attached to lead, and, better yet, they have a director: Dean Parisot, the man behind Galaxy Quest and the upcoming action sequel, Red 2.

The two minds behind the series, Ed Solomon and Chris Matheson, are said to have already written their screenplay on spec — rights and all that other boring stuff — so, now, the goal is getting the picture over to a studio. Although you’d think Bill & Ted‘s original home, MGM, would be the go-to place, the rights-owners are trying to find another studio with which they can co-finance — since this is their thing nowadays. Budget still doesn’t actually sound like a huge problem, for all I know (i.e., not much), as their goal is to make “a mid-priced studio comedy like Hot Tub Time Machine.”

And, no, there hasn’t been some revelation regarding the story. We still only know what Reeves said last year:

“When we last got together, part of it was that Bill and Ted were supposed to have written the song that saved the world, and it hasn’t happened. So they’ve now become kind of possessed by trying to do that. Then there’s an element of time and they have to go back.”

The slight matter of schedules notwithstanding — Parisot won’t shoot Red 2 until this coming spring — they’ve waited long enough to be able to give Bill & Ted 3 some extra space. And the excitement must be there; one would have little doubt that an army of “dudes” will be pretty elated at the development. Me? Well, I guess having them onscreen again could be fun. I’d just rather see them — or, Reeves, because what is Alex Winter doing with his time? — tackle something else, by this point.

Is Bill & Ted 3‘s recent movement something you’re optimistic about?