Variety brings some news that’s been long-anticipated by fans of author Steve Alten: "MEG" is officially a go project. Although Disney held onto the rights for a while, New Line swooped in and picked up the property in turnaround. NL plans to get busy right away on production, as they’re shooting for a Summer ’06 release date. Often described in shorthand as "Jurassic Shark," "MEG" tells the story of a prehistoric megalodon shark who swims out of a fissure and starts eating everything in sight.Alten wrote the first draft; screenwriter Shane Salerno ("Armageddon," "Shaft") is also helping out on the screenplay end. Jan de Bont ("Speed," "Twister") is on board as director. For (a lot) more info on "MEG," feel free to check out Steve Alten’s official site.