This news comes hot off the heels of today's earlier announcement that Brazilian actor Wagner Moura will play the villain. Little is known about the plot for Elysium, other than it will be set on another planet and will deal with social issues. Matt Damon will star as a con man, while Sharlto Copley co-stars.
Neill Blomkamp is directing Elysium from his own original screenplay. It isn't clear when production will start, although, with a 2013 release date locked in, it might be awhile before this project goes before cameras.
As of now, Elysium has the March 8 release date all to itself.