"Speed Racer" to Take Off in May (and in Germany)

Andy and Larry Wachowski will finally start directorial duties on "Speed Racer," a live-action movie based on an old cartoon. (What will Hollywood think of next?)

IGN Movies reports that, yep, production on "Speed Racer" will begin this May at Germany's Babelsberg Studios. Producer Joel Silver will be on the scene for the Warner Bros. adaptation, and word is that Vince Vaughn will be on board as both a producer and "Racer X" actor.

"Speed Racer" was penciled in for a May 23, 2008 release date, but some guy called Indiana Jones recently moved into that neighborhood, so we'll just see who blinks first.

From "The Matrix" to "Speed Racer"? Really, guys?

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