First the "Speed Racer" item: Korean pop star Rain (aka Jung Ji Hoon) will most likely be stepping into a role on the Wachowksi brothers adaptation. Festival-goers may know the guy from his work in the Chan-wook Park flick "I’m a Cyborg But That’s OK."
And regarding the already-frazzled nerves of filmmaker John Woo: It looks like Chow Yun Fat WILL be returning to the big-budget historical epic known as "Red Cliff." He’d walked off the movie a few weeks back for reasons that are still being debated, but he just announced that he’ll be stepping back in for his old pal Woo. And they better hurry, too: Apparently the Chinese government wants this movie finished and distributed before the 2008 Olympic Games in Beijing.