Earlier this week, it was reported that M. Night Shyamalan is shopping his next screenplay around Hollywood, trying to find someone to produce his next directorial effort. At the time we knew very little about the project, as that’s the way Shyamalan likes it. Apparently only a few studio execs have read the script, and in every case, Shyamalan’s assistant was in the room to supervise.We dont even have a title, only that the cast will include The Sixth Sense and Unbreakable star Bruce Willis, Gwyneth Paltrow and Bradley Cooper.

We now have a few new details about the project… Well, actually… Russ slipped this update in with the report about the M Night-produced Twelve Strangers, but I thought the bit was big enough for its own story (as some of you might have glossed over the previous story). So if you missed it, hit the jump for more info on Night’s new project.

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Admittedly, the above headline could be published in The Onion, no prob. It’s been nearly eight years since the release of Unbreakable, and the possibility of a sequel, let alone the planned trilogy, seems to diminish with time, even as superhero films enter the subversive, contemplative-mythos stage that makes M. Night Shyamalan‘s best film so ahead of the curve and a dark horse genre classic.

In June, Shyamalan cited the film’s marketing—which exploited the “shocking twist” angle and neglected the comic book plot—along with the middling reviews that followed as the watershed moment when perceptions of his M.O. in Hollywood and with audiences soured. Though the film is still seen as a financial disappointment, it grossed $250 million worldwide, not to mention DVD sales. And if you read between the lines, I think he sees catharsis in making a widely-regarded successful sequel to Unbreakable. Shyamalan’s passion for the film, characters, and the universe he created won’t go away (and neither has its fans’, which includes us at Slashfilm). And in my mind, there’s the guy who made this film, and another who made everything else. He tells Splashpage

“I genuinely just asked this question the other day — should I make Unbreakable 2? I do love the [comic book movie] genre, I just wanna make sure that I’m able to express who I am,” explained Shyamalan. “I don’t want to get so lost in the subject that I have to neuter everything that’s me in it, so maybe Unbreakable is the comic book thing I should do — I keep coming back to that.”

Your Samuel L. Jackson-instincts should inform that the actor would be game to reprise Mr. Glass, and he is. And Bruce Willis has stated his love of the film in the past and disappointment with critics’ lazy checklist with The Sixth Sense. Though inherent, the original film never reveals the full powers of Willis’s protagonist, David Dunn, meanwhile Mr. Glass’s descent into evil has many sinister miles left in the tank. It will take more than wistful soundbites and warm spirits to bring Unbreakable 2 to fruition, not to mention the tentative title, but if Hellboy—financially, an apt comparison; in terms of marquee value and quality, not so much—can warrant a sequel, I don’t think Shyamalan’s is a pipe dream. If he truly wants it. Then again, if the sequel rights are parked at Disneyumm, good luck?

Discuss: Do you think Unbreakable 2 will ever happen? Why or why not?