When we last checked in with the Bill & Ted 3 project, the original writing team was back on staff and a plot was conceived. Everybody was really hopeful that this would get off the ground and today another good sign has appeared, there is a director attached to the movie. Dean Parisot, the man behind the camera for Galaxy Quest and Fun With Dick and Jane will be directing the movie.
According to Vulture, a script is written and it's being shopped around to movie studios to co-finance it with MGM, who owns the characters. Don't expect this movie too soon, as Parisot is currently working with Bruce Willis on a sequel to Red, and would presumably be available after. Bill and Ted in 2014, maybe? [via MetalSucks]