Crouching Tiger, Hidden Dragon sequel in the works

So... they're making a sequel to Crouching Tiger, Hidden Dragon. The Weinstein Company is starting up production on a follow-up to Ang Lee's acclaimed, award-winning 2001 martial arts drama: Weinstein Co Readying 'Crouching Tiger, Hidden Dragon' Sequel For May Start.

The new film is adapted from Silver Vase, Iron Knight, the fifth book in Wang Du Lu's Crane-Iron Pentalogy, the same multi-volume source material that inspired Crouching Tiger, Hidden Dragon. The story will reportedly pick up with Yu Shu Lien, the character played in the original by Michelle Yeoh:

The sequel continues to revolve around Yu Shu Lien, the character played in the original by Michelle Yeoh. It’s not immediately clear yet which actors will reprise, but some likely will. "This introduces a new generation of star-crossed lovers, and a new series of antagonists in a battle of good and evil. It has a Knights Errant quality. There is an alternate universe in the books, a martial forest that exists alongside the real world, full of wandering sword fighters, medicine men, defrocked priests, poets, sorcerers and Shaolin renegades. It’s so vast and rich, and I found characters from the second and third books in the series to create a most interesting stew while being as true to the source material as I could be."
Twelve years later. Was anyone really clamoring for a Crouching Tiger sequel? Feel like the genre has sort of run its course for a little while. And if Ang Lee is not involved, and it's written by the guy who's responsible for The Forbidden Kingdom, I'm not sure this is even a movie I want to bother with.

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