Per Sci Fi Wire:
Alias Scribes Board M:I 3
Alias creator J.J. Abrams, who will direct Mission: Impossible 3, will team with Alias writers Alex Kurtzman and Roberto Orci to work on the movie's script, according to The Hollywood Reporter. Several writers have previously taken a stab at the project, including Dean Georgaris, Dan Gilroy, Robert Towne and Frank Darabont, the trade paper reported.
M:I 3 will star Tom Cruise and is being produced by his Cruise/Wagner production company, with Paramount aiming to release the movie in summer 2006, the trade paper reported.