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Looks like the movie is a go and Ahnold will be the villain.
http://www.joblo.com/movie-news/is-a...n-for-avatar-2It's been almost 20 years since the last movie directed by James Cameron featured Arnold Schwarzenegger, but it looks like the two of them may be reuniting in a big way. According to Latino-Review, Schwarzenegger will be playing a villainous general for Cameron in AVATAR 2. It was recently announced that the AVATAR series will be a quadrilogy, but it's not clear if Arnold Schwarzenegger would be playing the villain in just the sequel or all three of the upcoming films.