Next Terminator Film to be Set in London?

Rich Johnston at Bleeding Cool is putting forth a rumor that the next Terminator film will be set in London in the year 2011. The film will feature a time travelling John Connor(Christian Bale), but the reason for him being there is still a mystery.

Let's just get one thing out in the open: Terminator Salvation tanked. It cost somewhere north of $200M and has banked about $125M so far. There might not even be a fifth Terminator flick at this rate. Besides, they've already made a Christian Bale movie set in post-apocalyptic London. And that epically bad but forever quotable film is: