Almost scarier than rebooting the Terminator (almost, almost) is McG's decision to make a prequel the classic technicolor movie 20,000 Leagues Under The Sea: Captain Nemo.
20,000 Leagues is a major undertaking. You've got one highly detailed submarine, underwater scenes, and of course a giant squid to battle. This movie could not, and should not be made with green screen and CG effects, and hopefully McG's work with Stan Winston's visual effects studio for Terminator Salvation has taught him this.
Also Variety is reporting that Disney wants to start filming this year. Will this mean that McG could be pushing the next Terminator movie back a bit? Sean Bailey (Tron 2.0) is producing the movie, and the script has been penned by Bill Marsilli (Deja Vu).
Disney, please take care of this movie. Besides the fact that the Jules Verne novel is a classic journey into the fantastic, the 1954 movie with Kirk Douglas and James Mason was, and still is, a major pleasure to watch. Please, please make it about the story and less about the CG, I beg of you.
UPDATE: Sorry you're right this is a origins story "of Nemo as he creates his warship, the Nautilus. The characters come from the Jules Verne novel." Still needs to be handled with care.