File this under "hmmm..."
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Just twenty-four hours after director Roland Emmerich publicly announced that he had no plans to make another American "Godzilla" movie, Legendary Pictures (producers of 'Watchmen' & 'Clash of the Titans') has informed the website Bloodydisgusting.com, that they are in the early stages of producing one.
In fact Legendary is in the very, very early stages of developing this brand-new "Godzilla" film, so there are little to no details as of yet. The movie studios representative did tell Bloody Disgusting that their film would 're-boot' the American "Godzilla" franchise.
From that statement it is hard to gauge whether Legendary Pictures plans to use Tristar's "Godzilla" design or go with the iconic Japanese "Godzilla". I would wager that they go with the "Godzilla" that we all know in love over "GINO."
It is also not known whether the studio will go with the infamous Godzilla 94' script that was rejected by Tristar in 1998.
http://robojapan.blogspot.com/2009/08/legendary-pictures-announces-new.html