I just found out about this wonderful news. This is from an article on the SCI FI Wire:
Dean Devlin, co-writer and producer of the original Stargate movie, told SCI FI Wire that he has struck a production deal with MGM and is developing the long-delayed sequel feature films that will pick up the story from the 1994 original—but not the mythology subsequently elaborated on in the SCI FI Channel original series Stargate SG-1 and Stargate Atlantis. Devlin added that he hopes to enlist original stars Kurt Russell (Jack O'Neill) and James Spader (Dr. Daniel Jackson), who have expressed an interest.
Read the rest of the article
'Tis most wonderful news indeed. I, for one, look forward to this and hope both Kurt Russell and James Spader come back, they were great in the first one.
Also, I hope Roland Emmerich directs the sequels, I like a lot of his movies.