Ghost Busters 3 has set its release date according to star Ernie Hudson. He was at Wizard con in the Big apple and told MetalMachine;

“I saw Ivan Reitman… and he said it's gonna happen, and if anybody would know, he would… So, we'll probably start filming in fall, this is what I'm told, and it'll probably come out in May of 2011.”

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There are multiple articles/sources saying this date as well.
Anyone have any thoughts or opinions on this?

Sounds promising, and it's from Ernie Hudson!

I hope so, this film has been needing to come out for nearly 2 decades!