apparently they're making two prequel movies. It sounds like a terrible idea, but Damon Lindelof is attached to the project.
Honestly, I think it's about time they did a Superman Returns type revamp to the series (but you, know better than Superman Returns). Alien 3 was made almost 20 years ago, and it was terrible. But the franchise deserves a better ending than the one it got. Pretend Alien 3 and Alien Resurrection never happened and give the story a new ending. One that doesn't involve the offscreen death of Newt and Hicks during the opening credits.
If they're going to retcon, start with Aliens. How Cameron got away with turning an amazing gothic horror franchise into a straight out sci-fi action movie, is beyond me. Don't get me wrong, I enjoy Aliens, but it's just not as good, compared to the original.
Aaaaand there goes the tornado siren, one of these days, I'm expecting everything to go dark and I'll have to run for my life.