John Lasseter usually doesn't reveal anything about upcoming Pixar projects. Even though Toy Story 3 has been a known project ever since Disney threatened to make it without Pixar, Lasseter always dodges it. Finally, Lasseter has once-and-for-all confirmed it and discussed turning over the original Pixar property to a new(ish) director.

"We have Toy Story 3 directed by Lee Unkrich and Lee co-directed Toy Story 2 with me," said Lasseter. "Lee was part of the original creative [team]. I didn't let go of the reins. We're still doing it and Lee was a part of the original creative team on Toy Story and then he co-directed Toy Story 2 with me."

Whatever Toy Story 3 is about, it's got nothing to do with that summer camp idea Disney bandied around. "Obviously not. I don't know what you're talking about. I don't know anything about that."

Lasseter has some other Pixar treats too. "The movie after Wall-E is a movie called Up and it's directed by Pete Docter who did Monsters, Inc.  It's kind of a big action adventure starring an 80-year-old man. It's got a lot of heart in the story. It's great."

Pixar is also revisiting 2D animation with The Princess and the Frog. "John Musker and Ron Clements (Aladdin, The Great Mouse Detective, The Little Mermaid) are directing it for Disney. It's going to be great. We have an awful lot of animators at Pixar who have been trained in hand drawn. We all still love the art form. What I love sometimes is when creative people have tremendous constraints, brilliant ideas come out of it."

The Princess and the Frog and Up are scheduled for 2009, with Toy Story 3 set to a 2010 release. Wall-E will roll into theaters on June 27, 2008.