This is posted at DakrHorizons.com
Despite reports last week it seems to have died, other gossip has surfaced that the third "Mortal Kombat" film still has something of a pulse: 'Dave' contacted Threshold Entertainment and asked if it was off, their response: "No, most certainly not. It's happening, just not at New Line. We have Christopher Lambert, Lynn Red Williams, and Linden Ashby amongst others starring".
Meanwhile MK Revolution says "We are getting tons of reports everywhere that MK3 is moving forward. The original Thunder God himself, Christopher Lambert is set to reprise his role as Rayden, and Threshold is finally making initial preparations for the film. Linden Ashby already confirmed he's interest in reprising his role, so he's definitely coming back. Stacey Dash stated a year ago that she will be playing Tanya; Whether this is still valid or not remains to be seen.
As for the film's title, the working title is Mortal Kombat 3, but that will definitely change by the time of release. Titles we are hearing include: MK - Devastation, MK - Deadly Alliance, MK - Deception (which will also rumored to be MK6). Threshold has yet to decide on the official title".