Fifth 'Terminator' flick in the works!

Yep, it's official: "Terminator Salvation" won't be the last installment in the popular franchise that successfully kicked off in 1984.

As Variety reports, director McG, who is currently working on the post-production for "Salvation," is developing a fifth "Terminator" flick with Halycon Co.'s Derek Anderson and Victor Kubicek.

Not much is known about the project at this stage, although the film may be ready in 2011. If both upcoming installments perform well, Halycon may even consider a third film.

The trade says Anderson and Kubicek originally wanted to wait until after the release of "Salvation" to plan a sequel, but the recent positive feeback to the trailer footage pushed them to start developing the project right now.

No word on whether McG will return to direct. "Salvation" opens May 22, 2009. Let's just hope it delivers. If it doesn't, they better break off the engagement to a fifth flick real quick.