In what may well be the single most ominous portent at the theaters in quite some time, apparently the only thing standing between us and Blair Witch 3 is Lions Gate.

See, they own the movie rights right now, so it’s their call as to whether or not the project goes anywhere.  But the current word is, that if it does actually go to a movie, that the original cast will be brought back (it’s not like they’re doing anything anyway except maybe Josh Leonard who occasionally shows up in direct to video horror but usually does at least a passable job, credit where credit is due), and they will continue on as if all our fondest dreams had come true and Blair Witch 2: Book of Shadows never actually existed.

Sigh…if only…

While I have to admit that the thought of a third (really second) Blair Witch leaves me somewhat cold, I suppose it could possibly be good if done properly, but I don’t imagine it likely.  But the success of Paranormal Activity will likely not be lost on Lions Gate, and a shot at Paranormal Activity cash will be plenty welcome in a down economy.