Hollywood Ink: Will Smith's Next Project Down to a Coin Toss

· The A-list glacier better known as Will Smith has inched ever closer to determining his next project, which is expected to be either the third installment of the Men in Black franchise or the previously cited family fantasy The City That Sailed. The latter film is about a street magician living in London, unhappily separated from his daughter in New York, who makes a wish with magical candles that sends Manhattan sailing across the Atlantic to reunite them. Awww! Smith's insistence on Lexy and Stephany as the closing-theme singers is proving to be a sticking point, but probably nothing that Fox can't work out. [Variety]

Spy Kids 4 (in glorious-ish 3D!) sets a target date, the Taylor Lautner-Directing Sweepstakes get even more competitive, and more Hollywood Ink after the jump.

· Spy Kids 4 is on the way from Robert Rodriguez, who clearly doesn't share Michael Bay's compunctions about "fake 3D" conversions; he'll shoot with all-new leads early next year, rushing the film to theaters by August 2011. But at least it'll be a fresh new concept, right? Kind of. "The Weinsteins really wanted to do another one and I had an idea for one," Rodriguez said. "I even went back and pilfered my old original first script and found some ideas that I couldn't bring to life back then." [Digital Spy]

· Invincible helmer Ericson Core has joined the finalists to direct Taylor Lautner's thriller Abduction, battling John Singleton and Gary Fleder for the privilege of dumping the footage in their editor's lap and groaning, "Your baby now, God I need a drink," some time after the film shoots this July. [LAT]

· Speaking of the Laut, his wolfcake monolith New Moon brushed just past the 4-million-sold plateau in its first weekend on DVD/Blu-ray. [Deadline]

· The rumored Tim Burton project Maleficent -- about the evil queen of Sleeping Beauty -- took a small step closer to reality this week when Disney hired Alice in Wonderland writer Linda Woolverton to draft a screenplay. Ten bucks says that title will be gone by lunchtime. [THR]