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Is Terminator: Salvation going to be any good? We don’t know but it looks like a fifth Terminator film  is in the works already.

McG, director of Terminator: Salvation, is working with Halcyon Co. to develop a fifth story for the Terminator franchise. There’s no word yet if he plans to have Destiny’s Child do a big dance number for the opening credits.

Halcyon Co., who acquired the rights to the Terminator story from C2 last year, envisions the re-boot as a trilogy. This looks like something that definitely could happen since Christian Bale has signed on for all three chapters.

Derek Anderson and Victor Kubicek, who head up Halcyon, wanted to wait until after this Summer’s release of Terminator: Salvation to decide where to go with the next film. But the buzz surrounding the 4th film got the wheels spinning a bit in advance. “We feel the time is now to start shaping the next part of this,” Kubicek said.

The fifth Terminator film is currently slated to be released in 2011. I was really nervous about these films when I first heard McG was attached to them, but now I am starting to drink the Skynet Kool-Aid. You could maybe even make the argument that the Terminator franchise will be better without Arnold Schwarzenegger in it anymore. But let’s wait and see.