JJ Abrams and Tom Cruise to Co-Produce MI:4

As The Hollywood Reporter announced, JJ Abrams will be producing the next Mission: Impossible movie for Paramount Pictures along side with Tom Cruise. They have a potential release date of 2011 for the film. The news does not come with Mr. Cruise as cast; which many might think points to the direction of the rumors from last year saying that Cruise would not return to star as Ethan Hunt on the next movie. Abrams is not set to direct this next film in the franchise. What plan or plans Abrams and Cruise have for MI:4 is not clear for now but, there's a chance we might get to see Cruise appear on the next movie as a mentor like THR points out.

Will Cruise return to star on the next film or will the rumors prove correct? For now we can only guess.