While the fate of humanity (and of one movie franchise) are still somewhat in limbo, some new developments have folks wondering whether new Terminator films aren't as far off as we originally thought. We already told you that the hedge fund Pacificor snagged the rights to the Terminator franchise at auction, and now word has it they're giving both Lionsgate and Sony (the two studios who were aggressively bidding against them) first dibs on a distribution and producing deal on any future Terminator movies. Essentially, they laid out the money and now they want someone with experience to come in and do all the work, which, honestly, is a good thing ... for us.

Meanwhile, Mike Fleming over at Deadline Hollywood has revealed that the original co-writer on both Terminator and Terminator 2, William Wisher, has already written a 24-page treatment for Terminator 5 and a 4-page concept outline for Terminator 6 -- both of which take into account the mythology of Terminator 3: Rise of the Machines and Terminator: Salvation, but, as Fleming (who's read both) notes, Wisher "turns the story back to the core characters and time travel storyline of the first two films that Wisher crafted with Cameron." Without ruining the plot, Fleming does say that it "takes place in a post-apocalyptic battleground, and factors in an element of time travel that allows for Sarah Connor and Kyle Reese to interact beyond their single fateful meeting when he traveled back in time to protect her in the original film."

Not only that, but there's also a role for Arnold Schwarzenegger (who wouldn't be needed until the second film) that's "as surprising as his shift from villain in the first film, to John Connor's bodyguard in the second." Sounds enticing, right? Or does it?

If Sony or Lionsgate picked up the rights to this franchise, I'd say there'd be no way in hell this storyline would see the light of day. Both studios would probably want to take the franchise back to square one by rebooting it with up-and-coming names on the real cheap, kind of like what's going on with Spider-Man right now. In fact, both franchises are in a very similar place: their last installment wasn't exactly a homerun with fans, and so instead of tacking on even more damage for even more money, why not start from scratch?

And maybe that's what the Terminator franchise needs right now. A reboot that takes the entire original mythology into consideration, with a writer who can come onboard and map out a solid trilogy that meshes together, remains consistent and keeps the same cast. I mean, let's face it: we're going to get the reboot on this franchise eventually. If not now, it's coming right after the next film or the one after that. This hedge fund, however, may want to let it ride -- and if they see a ton of online support for Wisher's concepts and ideas, then perhaps they'll demand that the franchise head in that direction.

My question to you is: What would you like to see happen with this franchise? Should they attempt to finish out this post-apocalyptic storyline, as mish-moshed as it already is? Or, should they just reboot the whole thing and start from scratch with more direction?