Mission: Impossible 3: The latest issue of Premiere Magazine had a blurb about the status of Mission: Impossible 3, which is scheduled to star Tom Cruise...

"Cruise/Wagner then hired Joe Carnahan to direct their upcoming $100 million Mission: Impossible 3. Carnahan promises a suspense ride that will be "all the great things" about the billion-dollar worldwide franchise but be "the most real and ragged of the thre.." Cruise has no worries over the challenge he's set: "Joe's very bright, he has endless energy, and he's not afraid to attack a situation and learn as much as he can about it. He's definitely not daunted by it."
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Thanks to DH for the transcription.

Brian B. at Movieweb
Brian B.