We recently reported that director Ivan Reitman will be returning to direct Ghostbusters 3, with Bill Murray, Dan Aykroyd, Sigourney Weaver, Harold Ramis and Ernie Hudson all set to reprise their roles.

Now, Market Saw Blog is reporting that one of its top sources has a friend at a certain well known effects house (initials are ILM) said that Ghostbusters 3 is proceeding as planned - but - with the added benefit of stereoscopic 3D!

Writers Lee Eisenberg and Gene Stupnitsky are currently working on the second draft of the script.