"A classic character of film, television, radio and comic books returns to the big screen in Columbia Pictures' feature film The Green Hornet, starring Seth Rogen as the vigilante crime-fighter. Production is underway on the Michel Gondry-helmed film, which is produced by Neal H. Moritz (I Am Legend, The Fast and the Furious) and executive produced by Michael Grillo (The Accidental Tourist), Seth Rogen & Evan Goldberg (Superbad, Pineapple Express), Ori Marmur (Evan Almighty) and George W. Trendle, Jr. The screenplay is by Seth Rogen & Evan Goldberg, based upon 'The Green Hornet' radio series created by George W. Trendle and shoots entirely in Los Angeles. The film is set for release December 17, 2010.
In addition to Rogen, the film also stars Taiwanese actor-pop star Jay Chou as Kato, Cameron Diaz, Edward James Olmos ('Battlestar Galactica'), David Harbour (Revolutionary Road) and Tom Wilkinson (Valkyrie). Nicolas Cage is also in negotiations to appear in the film.
Academy Award®-nominee John Schwartzman (Night at the Museum: Battle of the Smithsonian) is the director of photography. Production designer is Owen Paterson (The Matrix Revolutions), Kym Barrett (Speed Racer) serves as costume designer and Michael Tronick (Mr. & Mrs. Smith) is editing."
Well, it's about time!! I pity the film that goes up against The Green Hornet. But wait -- is that a lightcycle I hear?
UPDATE: First cast photo from The Green Hornet's first day of production (thanks to SuperHeroHype!