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It seems like every year or so we an update on Bill & Ted 3, the long-awaited third film in the sci-fi comedy franchise that last bore fruit in 1991. 

Sometimes those updates are excellent! Sometimes they are bogus, dude. 

The one we got today is a little bit of both. First, the good news: Alex Winters, who played Bill S. Preston Esq. in the original films, told Yahoo! that the movie is definitely still in development and has funding, producers and a completed script, which is currently being tightened up. And Keanu Reeves, who played Ted Theodore Logan, is into it, Winters said. 

From the interview: 

“[Bill & Ted] will be 40-something and it’s all about Bill and Ted grown up, or not grown up,” Winter tells us. “It’s really sweet and really f—-ing funny.

“But it’s a Bill & Ted movie, that’s what it is. It’s for the fans of Bill & Ted. It fits very neatly in the [series]. It’s not going to feel like a reboot. The conceit is really funny: What if you’re middle-aged, haven’t really grown up and you’re supposed to have saved the world and maybe, just maybe, you kinda haven’t?”

“There’s many versions of ourselves in this movie,” he continues. “[It’s] answering the question: ‘What happened to these guys?’ They’re supposed to have done all this stuff, they weren’t the brightest bulbs on the tree, what happened 20 years later? To answer that question in a comedic way felt rich with possibility.”

Now the bogus part: it's going to be a while before the movie actually gets made. 

It just takes a long time to put a movie together. Now we’re having to build this thing in public, which is fine. I just feel bad [the fans] have to get dragged through this long, boring, protracted process.”

No world on if William Sadler would return as Death, and no idea on if they'd recast Rufus now that George Carlin has died, but this thing seems to slowly but surely be coming along. 

[Via Yahoo]