Variety is reporting that “Mission: Impossible IV, is actually starting to taking shape at Paramount. Tom Cruise and J.J. Abrams have agreed to co-produce the sequel and they are looking at a 2011 release date.

That would mean that when 2011 rolls around we’ll have Mission Impossible 4, Star Trek 2 and Transformers 3 to look forward to from Paramount.

Now, just because they are planning to make it happen doesn’t make it so. They both have very full plates right now, so no one is really just just when they’ll have time to make the movie.

Now, just for fun, here’s a 12 year old from South Korea performing the movie’s theme song