We've been speculating about the return of the Teenage Mutant Ninja Turtles for some time, but finally some official details have come out.

Producer of the new film Scott Mednick told Variety, that this picture would be much better than we anticipated - instead of an all CG mutated turtle, they may employ face-replacement technology, which would be a lot more expensive, but allow for better facial expressions. Still it makes sense as they will surely want to introduce the franchise to a new group of kiddies who have higher expectations for FX.

The announcement also confirms the rumors that the next TMNT movie will focus on the origins of our heroes (and let's hope Shredder as well). And here's hoping Sam Rockwell is back as the head thug's father or something.

They're hoping to release the film in 2011.

In celebration, the original film will be screening at the New York Tribeca Film Festival at 6:30 PM tonight.

Says Eastman:

Yes, it is true. Although the CGI film did well enough to warrent a sequel, there has been much talk between Imagi and Warners to do a better "re-invention" (newest Hollywood buzzword) of the TMNT's, in a live action film — like what was done with Batman. Back to basics, back to the origin and the intro of the Shredder, etc... there have been talks, trips to Northampton to talk to Mr Laird, and discussions with the original "first" TMNT film director Steve Barron to come back and do it right — but no official word yet...will keep you posted.

Oh I hope they bring Barron back. But more importantly will they bring back Sam Rockwell as "Head Thug?" If this film actually goes through as a turtle-suit feature it could usher in the return of so many other great people-in-monster-suits movies. [Heavy Metal via Coming Soon]