It seems that fans tOkKa's and Putrescent's eyes have served them well and they have spotted some updates to Playmates' Web site.
There are some toy updates and a little bit of info on Back to the Sewer if you want to go looking, but the big news comes in the form of two paragraphs that reveal plans for a CGI/live action movie to be released in 2010 (see graphic).
As fantastic news as this is (although not completely surprising, as it has been somewhat hinted at), I find myself full of caution as I try to be optimistic. Imagi's continued involvement is what concerns me most.
The reason a full-CGI sequel agreement never happened between Imagi and Mirage was, seemingly, differences in opinion on where to take the story. Deciding to do a CGI/live action hybrid movie doesn't mean you don't have to worry about telling a good story. And as much as I absolutely love the look of the 2007 movie, I don't know how well those Turtles will blend with live action. I'm afraid this effort is going to come off looking like Garfield, when it really needs to look like Transformers.
I suppose only time will tell, so I will keep my fingers crossed that everyone involved in this project is truly interested in making a good movie and not just in selling another batch of action figures and other licensed crap. Hopefully we'll get some more concrete info on the project in the near future.