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Well, well, well...This is it ! Mitchell Hurwitz and Jim Vallely are working on the Arrested Development script !
Isn't that great ?! The information was revealed by the THR website :

"Arrested Development" creator Mitchell Hurwitz and his co-executive producer James Vallely are working on a screenplay for the long-debated feature version of their short-lived Fox series. Even as they prep a new Fox comedy series with "Arrested" star Will Arnett, the writers are spinning more bizarre encounters for the eccentric, spoiled Bluth clan for possible feature production in the spring.


Imagine, which produced the TV show, and Fox Searchlight are producing the film.


Hurwitz had said that he wouldn't start writing a film unless all the main actors, including Jason Bateman, Michael Cera, David Cross, Arnett, Alia Shawkat, Portia de Rossi and Jeffrey Tambor, were committed. Earlier in the year, speculation circulated about which wanted to return as the show's hyper-invested fans pushed from the sidelines and the actors themselves spurred excitement.

Hey T-Bone !