Our favorite droopy-lipped action hero looks like he’s at it again. Sly has approached Millennium Films, Emmett/Furla Films and Equity Pictures and scraped together a budget of $50million to start work on his next gun-toting fiasco. An article at Snopes.com refers to a rumor that “Sylvester Stallone will once again portray John Rambo in Rambo IV, an upcoming film which will feature the hero tackling terrorists in Afghanistan and capturing Osama bin Laden.”

Movieweb.com reports:

In Rambo IV, John Rambo is living a quiet life as a recluse in the U.S. — until a young girl goes missing, and he returns to macho form and takes justice into his own hands. Plan is to shoot in Mexico and the U.S.

I myself am looking forward to another “war epic” to match the directorial prowess of Iron Eagle II and Strike Commando.I think Charles ‘Chappy’ Sinclair could kick John Rambo’s ass.