It looks like the bidding war for the Terminator rights has ended. Deadline reports that Annapurna Pictures who is responsible for financing Cogan's Trade, Wettest County In The World, Killing Bin Laden and Paul Thomas Anderson's The Master has landed the rights. The up and coming production company outbid Lionsgate for the film rights that are intact until 2018 when they revert back to James Cameron.
It sounds promising as they are known for getting involved with solid directors and hiring high profiled actors. Even if director Justin Lin (Fast Five) isn't enough to keep people interested in Terminator 5 I expect they'll be able to attract a decent cast. Arnold Schwarzenegger is attached to have a role and Lin has said he'd ignore the canon/events from Terminator 3 and Terminator Salvation bringing the franchise back to it's roots. Vin Diesel has also been mentioned for a role. The question now is which big studio will come in to co-fiance and distribute?
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