We have for you some most excellent of news. Ted Theodore Logan and Bill S. Preston, Esquire will be returning to theaters in the not-so-distant future with Keanu Reeves and Alex Winter reprising their roles as everybody's favorite dudes from San Dimas.

A 'Bill & Ted's' three-quel has been long rumored, but it seems like this latest talk is for real. The script has already been started by franchise creators Ed Solomon and Chris Matheson, and it may involve Bill and Ted writing a song to save the world. No word on expected release dates.

A lot has changed since the last time we saw the two lovable losers in 1991; Reeves became a big star while Winter did not, and George Carlin, who played time-travel agent Rufus in the original films, has sadly passed away.

Also, Reeves and Winter are now both pushing 50. But since it's a time travel franchise that detail shouldn't prevent the three-quel from maintaining some of the youthful spirit of the first two films. (Will we see new actors as a young Bill and Ted?)

We are wondering how they are going to deal with the whole phone booth as time machine thing. It's becoming increasingly hard to believe the buddies are going to be able to find one of those if the film is set in the present day.