"We’re working with Brad right now. I don’t know if I’m allowed to talk about it but everything’s signed... Brad is doing it. The Iron Giant, The Incredibles, Ratatouille —Brad is enormously talented and J.J. [Abrams] and I are having a blast," says Cruise.
Evidently 1906, the live-action Warner Bros./Walt Disney Pictures/Pixar co-production Bird was working on for several years, has been shelved indefinitely.
There had been much speculation that production on the epic 1906, set during the time of the devastating earthquake in San Francisco, was not going ahead due to lack of financial support from the studios, which makes no sense whatsoever considering Bird's track record. However, if MI:4 finds success at the box office, which it will, the project should get restarted very quickly.
Bird also remains committed to Pixar. He was at the studio recently, overseeing [redacted]. Sorry can't talk about it.