After a brief scare with the idea of him possibly directing a HAUNTED MANSION remake, Guillermo Del Toro has eased  fan fear by confirming that his next directorial effort will the long-in-development AT THE MOUNTAINS OF MADNESS. According to Deadline, the pic is being geared up as a big tentpole release that will be filmed and released in 3D. The real shocker here (and the possible reason that Universal greenlit a big budget adaptation of a HP Lovecraft work) is that James Cameron has come on-board to produce, oversee the 3D shoot and possibly lend his name to the marketing materials.

This is a big deal, as Cameron doesn’t often lend his name to films that aren’t directed by him or produced by his Lightstorm shingle. This is also a big deal in the sense that by having Cameron on-board, Del Toro will be able to bring MOUNTAINS to life without having to sacrifice any of the gory details. Universal is probably so happy that Cameron is producing this thing that Del Toro could announce that he’s directing a Frankenstein bangs the Wolfman gay claymation porno flick and they’d let him. Cameron has that much power right now.

Jump HERE to get a full rundown on what AT THE MOUNTAINS OF MADNESS is all about and rejoice in the fact that a project this awesome is actually coming to life.