The title for Kar-Wai's upcoming film has been changed to The Grandmasters.
If the posters are to be believed it looks like he's brought on a co-director for the action scenes.
Apparently this is supposed to be a full on Kung-Fu movie, but I have my doubts considering Ashes of Time was similarly publicized as a full on Wuxia movie and ended up being just as self-consciously "high art" as anything else he had done (or has done since). This could just be a ploy by the producers to get butts in seats after general audiences found 2046 to be a crashing bore. Whatever the case, making a bad movie is beyond Kar-Wai's capability.
Apparently Tony Leung has gone through an incredible amount of dedicated preparation for the role, both mentally and physically, with his trainers saying he has proven himself to have exceptional professional-level martial arts ability.
Some have said that shooting will continue throughout the new year with others saying that it should be released for Chinese new year. Here's to hoping we can get it stateside as soon as possible.