Wachowski Brothers Version of Speed Racer to Premiere Summer 2008.

Producer Joel Silver has stated that the long talked about Speed Racer movie has been given the green light and is expected to be released theatrically in summer, 2008.

Brothers Larry Wachowski and Andy Wachowski, creators and directors of the Matrix, have written the script and will direct the movie, with filming expected to take place in the summer of 2007. They will again work with special effects supervisor John Gaeta, who won an Oscar for his work on the Matrix. Speed Racer will be the first Wachowski directed movie since the Matrix trilogy, although they produced V for Vendetta.

Silver, who also worked with the Wachowskis on the Matrix, states that Speed Racer will be geared towards all audiences, "They wanted to do something that could appeal to everybody." According to Silver the Wachowski brothers were hesitant to take on the Speed Racer project, which he pitched to them, and they wouldn't agree to come on board until they could figure out a way to bring something original to the movie. "They are approaching these racing scenes in a way you've never seen before," states Silver.

Previously Vince Vaughn wanted to make the movie and star as Racer X, in June it was reported that Vaughn was still on board to star as Racer X in the Wachowski directed movie.

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