The new script, from creators Ed Solomon and Chris Matheson, finds Bill and Ted having been “crushed by the responsibility of having to write the greatest song ever written and to change the world. And they haven’t done it.”

“So everybody is kind of like: ‘Where is the song?’ The guys have just drifted off into esoterica and lost their rock.”

“We go on this expedition, go into the future to find out if we wrote the song, and one future ‘us’ refuses to tell us, and another future ‘us’ blames us for their lives because we didn’t write the song, so they’re living this terrible life,” Reeves said. “In one version we’re in jail; in another we’re at some kind of highway motel and they hate us.”

Makes sense seeing as “Trapped in the Closet” already exists as the greatest song ever written.

Ted Logan – Bill & Ted’s Excellent Adventure/Bill & Ted’s Bogus Journey

If you wrote off Ted Logan and his Wyld Stallyns bandmate Bill S. Preston, Esquire, as a couple of dumb teens whose band would never amount to anything, you would be half right. Though they aren’t the sharpest kids in San Dimas, they are the most important as it is their music that will go on to become the core of the future’s Utopian society. Much in the same way that Nickelback will be man’s undoing. This high-concept sci-fi comedy wasn’t supposed to be that big of a deal, however, audiences loved it and it spawned an animated series, a sequel (with another on the way), and vaulted Keanu to heartthrob status. As for co-star Alex Winters, we always appreciated him for his mind.

Johnny Utah – Point Break

Reeves toed the water of action films with Kathryn Bigelow‘s Point Break. His intuition paid off as the film was a massive success thanks to his pairing with Patrick Swayze.  We’d like to think that Gary Busey had a little bit to do with it too, but he probably was really more of a liability. I can’t believe they allowed him on a set with firearms and aerial stunts.

^{Linkin Park?}

Alex Winter has corroborated Keanu Reeves’ story from earlier this week. William S. Preston, Esq. himself, told MTV that a third Bill & Ted film is in the works. They were struggling to find the right plot for a while, but now writers Chris Matheson and Ed Solomon have hatched a plot that they’ve begun writing.

The big issue, however, is what to do about George Carlin‘s character? Winter assures there’s no way they would re-cast the part, so the trick now is to delicately work around his character. I’m hoping this means they’ll use sophisticated Coke commercial CGI technology to bring him back to life. If I know Carlin, that’s definitely what he would want to happen. (MTV)

MTV caught up with Keanu Reeves at the Toronto Film Festival and asked him the pressing question that everyone’s dying to know the answer to: What up with another Bill & Ted? The interview takes place at a bench, where I’m guessing moments before Keanu was finishing up a meal all by his lonesome.

The recently "sad" actor says he’d love to do another Bill & Ted (duuuuuuuh), they just have to get the story right. For a story that never made sense in the first place, this is lofty goal. Keanu also says he’d love German director Werner Herzog to add his flair to the project. Now that I would pay to see. They’ll need to get this project off the ground soon though or it’s going to follow Bill and Ted‘s excellent adventure of applying for a AARP membership. And Werner tackling ageism will be a dark tale indeed.

Check out the interview after the jump…

(Deadline)