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Johnny Depp is back as Captain Jack Sparrow in the fourth installment of  Pirates of the Caribbean. The latest in the series will be filmed in Hawaii. The film goes into production this summer on Oahu and Kauai.

Directed by Rob Marshall, Nine and produced by Jerry Bruckheimer,  Pirates of the Caribbean: On Stranger Tides is scheduled for release in 2011.

This turn of events is making Hawaii very happy. The announcement of the film’s production was made by Governor Linda Lingle. The governor met with Bob Iger, president and CEO of Disney. The governor’s office says the film production could generate as much as $85 million for Hawaii.

The twist in this newest film is it’s based on a pirate novel by author Tim Powers. Screen Rant had an article about this in October, 2009.  The novel has a Fountain of Youth themed plot. Something tells me if this does well number five will be in the pipeline soon enough.

Are you looking forward to a new installment of the Pirates of the Caribbean? Or are you sick of it? Or can you not get enough of Captain Jack?