Deadline says:
Although James Cameron was at Paramount today to show off his 3D conversion of Titanic, I had to ask him and his producer partner Jon Landau about the progress of their planned remake of the campy but fun 1966 sci-fi hit Fantastic Voyage. Despite some terrible acting (from the likes of Raquel Welch and Stephen Boyd) and wooden dialogue, it did manage to win five nominations and a couple of Oscars for Art Direction and Special Visual Effects.
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Let's get this sucker made.