While Speed Racer didn't seem to be the hit that it (could have/should have?) been (I enjoyed it). The Wachowskis' seem up for another shot - this time with something they are a little more familiar with. Ninjas and Kung-Fu. Although they are only producers on this film, many have hope that they may be able to revive their heyday of The Matrix. We have a little info about the upcoming film Ninja Assassin.
Courtesy of Warner Bros.

Ninja Assassin will center on, "Raizo (Rain), one of the deadliest assassins in the world. Taken from the streets as a child, he was transformed into a trained killer by the Ozunu Clan, a secret society whose very existence is considered a myth. But haunted by the merciless execution of his friend by the Clan, Raizo breaks free from them...and vanishes. Now he waits, preparing to exact his revenge." WB also confirmed that Naomie Harris (Pirates of the Caribbean: At World's End) will play a Europol researcher named Mika Coretti, Ben Miles (V for Vendetta) plays her partner, martial arts performer Sho Kosugi stars as the leader of the assassins and Rick Yune will portray Raizo's rival, Takeshi.

It is going to be directed by Wachowski Bros. protege James McTeigue (V for Vendetta).

The film is currently expected to arrive in theaters in 2010.

If you choose to read a pretty spoiler filled piece about the film, head over to IESB.net for the news.