Resident Evil: Extinction - Killing the Dead Again this Year

Speaking of B-movie love. Comingsoon.net are reporting that the third Resident Evil movie titled: Extinction will be starting production this year under the direction of Russell Mulcahy (The Shadow, Highlander). This gets me excited. I love the RE movies and just watched Apocalypse again this week. My only regret is that Paul W. S. Anderson isn't involved, but since his IMDB is listing Castlevania I forgive him!