Chris Pine, D.J. Caruso Consider Faking It For Paramount

· While other lots have shut down their high-maintenance development machines for the remainder of 2009, Paramount on Monday announced that it had spent $2 million on an untitled J.J. Abrams production and is chasing Chris Pine and director D.J. Caruso for its counterfeiter intrigue The Art of Making Money. The latter film is based on the life of a petty thief in Chicago who grew into an elite fake-cash kingpin; assuming deals can be struck, the studio would fast-track the film to begin shooting early next year. This would match roughly the same amount of development action that occurred during John Lesher's entire, turbulent term as studio president. The 'Mount's back! [Variety]

Tom Cruise's new film is officially christened, the Reno 911! braintrust settles in at NBC, and more Hollywood Ink after the jump.

· The film known first known as Wichita before taking on the unwieldy name Untitled Tom Cruise Action-Comedy OMG There He Is!!!!! has finally reached a title terminus: Knight and Day. I dunno. Too vanilla. Is it too late to go back to the previous one? [BFDealMemo]

· Busy Reno 911! and Night at the Museum scribes Thomas Lennon and Robert Ben Garant have struck a pilot deal with NBC; their multicamera comedy's plot is being kept on the downlow, though the network's primetime boss Angela Bromstad said she expects the pair "to come up with a comedy hit." Angela, honey, you'd need to hire marketers for that. [THR]

· Speaking of comedy hits, A&E has picked up its own pilot: The Quickening, featuring Radha Mitchell as an LAPD detective suffering from bipolar disorder. The less she takes her meds, the sharper her skills and more volatile her swings. Seriously. [Variety]

· Tatum O'Neal has been cast as the lead in the indie Sweet Lorraine, about a former New York scenester embroiled in small-town Jersey politics when her ex-lover becomes mayor. Throw in a mayor-daughter-father love triangle and we're there.[THR]