As this piece on Variety.com relates, John Lasseter has announced that Pixar is once more dancing with the one what brung them, and that a third entry in the Toy Story franchise is in the offing. Pixar vet Lee Unkrich, who co-directed Toy Story 2, Monsters, Inc, and Finding Nemo, will direct a script by Michael Arndt, who's been nominated for an Oscar for his screenplay of Little Miss Sunshine. Speaking as the resident of a household that has watched Toy Story 2 innumerable times (or, as Georgia calls it, "Woody and Buzz with Robots"), to say nothing of countless viewings of Monsters, Inc and Finding Nemo, I greet this news with boundless optimism.

Those who followed the Disney buyout of Pixar, and the subsequent absorption of Pixar's executives by Disney, will recall that one of the first acts of Lasseter as a Disney exec was to kill the previous incarnation of Toy Story 3, which was to have been a Disney production without any involvement by Pixar. I imagine there was some sense of poetic justice that accompanied today's announcement.