M. Night Shyamalan has announced one of his next projects. The film is a live action version of an animated children's series Avatar: The Last Airbender.

Yes, don't get excited, it's not the same as James Cameron's film, and it won't have the same name as Fox send Mr Angry out as their spokesperson:

"We own the movie title 'Avatar.' There won't be another film called 'Avatar' coming from anyplace."

Toys back in the pram now boys. I doubt there's any competition with release dates or storyline. Shyamalan will be adapting from the Nickelodoen series which follows the latest successor to a long line of Avatars who keeps the peace between the Fire, Water, Earth and Air nations. This new Avatar has to grow up suddenly, drop his selfish ways, and stop the Fire nation from enslaving the other nations.

It's apparently been a real hit and has expanded its intended demographic of 6-11 year olds to 6 through 14 year olds.

Variety is quick to point out that Shyamalan's deal with Paramount may not be his next project as he is on the lookout for a few more at the moment.

I'm not phased by his bad press and poor showing of Lady in the Water, I'm still a huge fan and think he's an excellent writer/director.