Ok so I learned recently that a third film in the series just might happen. It's been in the wood work for quite some time and has a script, a director and both Alex Winter and Keeanu Reeves on board. The hold up is MGM it seems.
I for one am excited at the prospect but also remain skeptical about the whole thing and whether or not it would really fly with today's audience. There's also somewhat of a continuity issue with the plot. It's 25 years or so since the events of the second film and they still haven't written the song that is supposed to "change the world" but at the end of the second film it seemed like all was well and they were badass. They also showed clippings from magazines and it appeared as though everything was going to plan. Perhaps someone has done some time meddling....Either way it does *** that Carlin is dead so there won't be an appearance of Rufus if the film does get made.