Can't the internet read?

Okay, folks: test of your reading comprehension. The New York Times printed the following yesterday:

Still, the future project Mr. Arnold said he's most excited about is a movie with a still-to-be-determined plot and script. "All I know is Jim Cameron's making it and Arnold" — Mr. Schwarzenegger — "and I are going to be in it, and it starts shooting in 14 months, the day after Arnold stops being governor of California," he said. "It's not going to be called True Lies II, but it might as well be. I can live with that."

So, what movie is Tom Arnold talking about? If you read it correctly, a task at which half the movie internet seems to have failed at, you would say that Tom Arnold is talking about an untitled original project to be directed by James Cameron and star Arnold Schwarzenegger and Tom Arnold. Unfortunately, he said the words True Lies II in there, and even though he is clearly saying "it won't be called True Lies II", people seemed to think he was talking about a sequel. Wrong.

James Cameron debunked the non-existent True Lies II rumor on AICN. I wouldn't want to sound sensationalist, but if (and I'm not saying I think this is true, because I don't, just that it's possible) Cameron, Schwarzenegger and Arnold were working on some secret movie together, it's sort of funny that AICN asked about TLII, because Cameron would be able to honestly debunk it.