Reports about the end of James Franco's acting career have been greatly exaggerated, the 30-year-old told MTV News, smiling broadly, insisting, contrary to earlier statements, that just because he was going back to school, it didn't mean he was going to stop making movies.

His next post-"Pineapple Express" project, in fact, has him singing with excitement. Literally.

"Mark Ruffalo is gonna direct his first movie and he wants me to play a singer in a rock band," Franco revealed. "It's called 'Sympathy for Delicious.'" Read more...

- "Transformers 2” to feature a more science-fictiony plot, Soundwave. (IGN)

- How princely: Ben "Prince Caspian" Barnes to go from saving Narnia to saving his soul as the titular character in "The Picture of Dorian Gray." (ComingSoon)

- Mark Ruffalo and Amy Adams join "Greenberg," the next project from "Squid and the Whale" mastermind Noah Baumbach. (Cinematical)

- First trailer for "Australia" starring Hugh Jackman and Nicole Kidman surfaces online. (Apple)

- Laurence Fishburne to pull triple duty as director, star, and producer of "The Alchemist," an international best seller about following your dreams. (Hollywood Elsewhere)

- Blockbuster, Calculator, Gemini, and Icicle among villains set to appear in Green Arrow movie "Super-Max." Oh yeah, and the Joker, Lex Luthor, and the Riddler. (Latino Review)

Sit back, relax, and enjoy a hot, steaming cup of our links of the day, back again with perhaps our biggest news day ever, with looks at “Bond 22,” “Watchmen,” “Avatar,” “Harry Potter” and more.

- “I don't think you should write gags in Bond.” Daniel Craig spills details on Bond’s next adventure. (Coming Soon)

- World watches the Watchmen as photos from the set of the eagerly anticipated movie surface online. (Warner Bros.)

- The man with the hat is back in three hi-res images from "Indiana Jones and the Kingdom of the Crystal Skull." (Ain't It Cool News)

- Break out the Felix Felicis, Warner Brothers offers chance for one lucky fan to win a walk-on role in the next “Harry Potter.” (Warner Bros.)

- Move over Matt Damon. J.K. Rowling named “Entertainer of the Year.” (Entertainment Weekly)

- Early look at concept art from James Cameron’s “Avatar”? (Joblo)

- Mark Ruffalo joins Leonardo DiCaprio in Martin Scorsese’s “Shutter Island,” about the disappearance of a patient from a hospital for the criminally insane. (Hollywood Reporter)

The week rolls on and Hollywood keeps busy as an "Idol" alum get a gig, an 80's icon returns, a boxer looks East and more, in today's Dailies.

- It's no "Dreamgirls," but "American Idol" runner-up Katharine McPhee will make acting debut in indie rom-com, "The Last Caller." (Hollywood Reporter)

- "Better Off Dead" helmer Savage Steve Holland returns for pic about boy's 13th birthday party in "The Big One 3." (Hollywood Reporter)

- Lionsgate prepping "Meatballs" remake, according to rumors. (CHUD)

- "L.A. Confidential" screenwriter Brian Helgeland tapped to rewrite Ridley Scott's "Nottingham," featuring the Sheriff facing off against bad guy Robin. (Hollywood Reporter)

- Mike Tyson aims for Bollywood. The jokes write themselves. (Variety)

- New Line developing "King of Kong" adaptation, based on doc about two men battling it out for title of "Donkey Kong" champion. Read our coverage of "King of Kong" here. (Variety)

- Mark Ruffalo replaces Daniel Craig as male lead in "Blindness," about a town swept by unexplained outbreak of blindness cases. (Variety)