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I figured it might be just as crazy a rumor to write “‘Terminator 5′ to Exist At All,” but for now let’s just stick with the assumption that the studio might want to roll the dice again.

Those wacky Bleeding Cool guys caught wind of an insider claiming that Terminator 5 will stage itself in a London of 2011 where John Connor will be after traveling through time.

We got hipped to the rumor from /film where Brendon Connelly makes several good points about Bleeding Cool having fairly reliable sources, despite the ridiculousness of this little non-factoid. He’s also right to point out that this story concept exists only in the present (if it exists at all) and there very well might be an alternate future where the personell from Terminator Salvation don’t find themselves working on the sequel.

Sure, McG has stated outright that he wants the next film to focus on current times where there are no awesome new laser weapons or massive armies of machines marching across the hellish wasteland, but John Connor eating spotted dick and trying to warn the Queen that he knickers are showing sounds about as bad ass as Salvation was. Maybe an improvement even.

What do you think? How untrue-sounding is this one? Does it even matter since no studio in their right mind would let McG near the franchise again?