Not much new is learned from the article that we haven't already covered, save for a brief mention that Ed has hinted around about Friendships and Babalities possibly returning, but the biggest revelation is what is called a "Lover Fatality".
Whether this comes to fruition or not, we will have to see, but in the meantime, here is an excerpt discussing it in the Official X-box Magazine. From the article:

Longtime fans will also remember Babality and Friendship finishers. As for their inclusion in the game, series co-creator Ed Boon has hinted at the idea, but perhaps he has something more devious up his sleeve. Can you say Lover Fatality? Neither can we.

Excerpt from Official X-box Magazine July 2004.

(It's the one with the cover feature on Tom Clancy's Ghost Recon 2, and features demos on the disc of Rallisport Challenge 2, Van Helsing, Shadow Ops: Red Mercury, and MLB Slugfest Loaded.)

For those who are having a difficult time waiting to play Mortal Kombat: Deception, Midway Games has decided to make your wait just a little bit easier! In their brand new game, Psi-Ops: The Mindgate Conspiracy, several character skins are made available via hidden code. The most important of these skins is none other than our beloved Scorpion, who appears in his Mortal Kombat: Deadly Alliance outfit! To access this hidden code:

To obtain Scorpion in the PS2 version of Psi-Ops, highlight the "Extra Content" option on the main menu and press R1. For Xbox users follow the same instructions, but press the right trigger. This will bring up a keypad, upon which you need to enter the code 546546. The game will then notify you that Scorpion has been unlocked!

Check out our exclusive pictures, and be sure to pick up Psi-Ops: The Mindgate Conspiracy,  if you've ever wanted to play a gun-toting, psi-equipped Scorpion!

RETRACTION: We have been in contact with Midway, and have learned that neither Ed, nor anyone speaking for Ed, had made these comments. Therefore, this news story was in effect false. We apologize to you, the readers, for posting this news without following through with it first, and I personally apologize for allowing this news post to go through without having done the thorough check we require of our news items. We will do our very best to avoid having this situation occur in future, and we at Mortal Kombat Online deeply regret this error in judgement. -- D'Arque Bishop

Ed Boon, co-creator of Mortal Kombat and Lead Programmer for Mortal Kombat: Deception made an appearance on G4 earlier on in the week.

While on G4's show, "Electric Playground", Ed Boon has confirmed 3 new characters (Sektor, Smoke, and Kabal), and 1 new arena (The Living Forest). Kabal's look will be completely revamped, and the two cyber-ninjas will sport quite a different look from Deadly Alliance's Cyrax.

Thanks to MK Online forum members theultimateninja and Sub-Zedox for the news!

The third Mortal Kombat movie will begin shooting this summer, as confirmed by a TV Guide interview done with Linden Ashby.

And is it official that you're set to star in Mortal Kombat 3?

I have been talking to the producers for the past month or so pretty intensely, and they say we are set to go. I'll be reprising my role as Johnny Cage. It's supposed to start shooting this summer.

Click here to read the full interview. A big thanks to Shinnokxz of our very own Network Site, The Unofficial Mortal Kombat 3 Movie Page for piecing together this update!

UPDATE (by D'Arque Bishop): The story at the Unofficial Mortal Kombat 3 Movie Page also links to Christopher Lambert's site, where it mentions he will be reprising his role as Rayden! To see the full page, click here.

Midway Games has announced a few changes in management, naming Kenneth D. Cron as Chairman Of The Board, Shari Redstone as Vice-Chairman of the Board of Directors, and Joseph A. Califano, Jr. as Midway Director. From the press release:

Midway Games Inc. (NYSE:MWY) announced today that the Company's Board of Directors has appointed Kenneth D. Cron, 47, as Chairman of the Board. The Company's Board of Directors also appointed Shari E. Redstone, 50, as Vice-Chairman of the Board. Mr. Cron and Ms. Redstone were elected as Directors at Midway's June 10 annual meeting. Midway also announced today the appointment of Joseph A. Califano, Jr., 73, as a new independent director, effective immediately. With the addition of Mr. Califano, Midway's Board now has eight members.

Midway's new Chairman, Kenneth D. Cron, stated, "I am a firm believer in the strength and future of the games industry and its growing prominence in the entertainment market. I believe Midway has many of the core assets to be an important player in this dynamic market. To that end, I am honored to lead Midway's newly-elected Board, and I look forward to helping the company realize its potential."

Midway's largest shareholder is Sumner M. Redstone, who directly and through his ownership of National Amusements Inc. owned approximately 70.4% of Midway's outstanding shares as of June 9, 2004.

To read the press release in its entirety, click here.

A big thanks to forum/chat member CAMK for the word!