"Will Ferrell is in talks to topline and David Dobkin (Fred Claus, Wedding Crashers) is in negotiations to direct the comedy Neighborhood Watch at 20th Century Fox. The story chronicles an urbanite's journey as he moves to a suburban community, joins the neighborhood watch and uncovers a large conspiracy. Jared Stern wrote the screenplay. Shawn Levy, who had been eyeing the project as a helming vehicle, will produce with Tom McNulty through their Fox-based 21 Laps."
Now I was hoping for a new Shawn Levy movie after Night at the Museum: Battle of the Smithsonian but maybe he's too focused on Date Night.
UPDATE: It has just been reported that Will Ferrell and David Dobkins have left the project. Shawn Levy remains as producer. Hopefully, he will decide to take over as director.