Unfortunately, the piece then goes on to talk about Eye's other projects and executive info, rather than the film. So, we've got this mysterious second picture. However, thanks to the Internet, I can fill in a tiny hole at least. According to MoveThat.com, Arnold was/is looking for her female lead for the film. "We're looking for young looking, white 16-19 year old girls who speak with strong London/South East accents who have attitude and who can street dance. Female breakers, poppers, lockers, and krumpers all very welcome."
UK readers out there, you'll have to fill us North American folk in on the slang, but I think it's safe to say that this is going to be some girl-headed film about dancing. Unfortunately, because of the language request, it'll probably also have really annoying English subtitles that don't match up with the words like Red Road.
That's all Google is allowing me to find right now, but please comment below if you've heard anything else about this feature.