Last night, Moviehole reported Rosewood and Taggart (Judge Reinhold and John Ashton) would be returning to the "Beverly Hills Cop" franchise in the upcoming 4th film. If you don't remember, John Ashton wasn't in the third film, and a new character (Hector Elizondo) was written in to take his place. Moviehole also reported screenwriters Derek Haas and Michael Brandt's spec script "Dying Day" was being used for the story and it was being reworked with the Beverly Hills Cop characters.

Unfortunately, their news was a bit premature, as I just spoke to a very trusted source and they told me it's not clear who will be back on "Beverly Hills Cop 4" as the studio is hiring a new writer and they are starting over.

While I would love to see a reunion of the original cast in "Beverly Hills Cop 4", with the studio hiring a new writer, it's clear this project is nowhere close to being in front of the camera.  More as we get it.