The last I heard about it was a week or so ago on The Digital Bits (here - scroll down, the pertinent info is a couple paragraphs above the cover art images).
Looks like signs point to sometime within the next year, but Cameron is busy visiting the bottom of the ocean, so...
Both...
Disagree. The movie has major thematic elements that are most definitely NOT timeless - in particular the fact that the Cold War was a driving factor behind the building tension of the entire situation. The movie was released in '89 - two years before the Cold War ended.
The movie is...