The internet nearly caught on fire two days ago when the story broke that Bond 23, the follow up to Casino Royale and Quantum of Solace, had been scrapped, canned, and thrown to the curb. The story, as tragic as it was, made sense: MGM has been in dire financial trouble for months now and it has already negatively affected both 007 and The Hobbit. It turns out the story does have some truthful elements, but the situation isn't nearly as bad as the initial reports made it out to be.

THR's Risky Business blog reports that while the production is on ice, it's not a recent development. Those closely following the trajectory of the next Bond adventure may remember a report that came out back in January saying that the production has been put on hold until the struggling movie studio can find a buyer. The story appeared to have been undercut by the news that Sam Mendes had signed on as director, but it appears the statements made by producers Michael G. Wilson and Barbara Broccoli at the time still held firm ground: "We do not know when development will resume and do not have a date for the release."

All together now: breathe in...and breathe out. Feel better now? Good. This obviously still isn't the greatest news in the world, as we continue to have no idea when the next installment will arrive, but it's nice to know that a possibility still remains. Keep the faith, devoted followers of MI6. Your day will soon come.