Holy moly!!! From ComingSoon.net

The Herald Sun reports, via Moviehole, that plans are underway for Jean-Claude Van Damme to star in the follow-up to 1994's Street Fighter, based on the populer game.

The Muscles from Brussels has been in talks with talent all week, hoping to lock in an ensemble soon.

Australian singer, Holly Valance, has been in talks with Van Damme this week about co-starring in the movie. She would replace fellow singer, Kylie Minogue, who starred in the original. Van Damme is said to have been impressed by Valance - who can apparently kickbox - but according to The Herald Sun the filmmmakers will still be auditioning other actors up until the last minute.

The original film was based on the classic video game, with Van Damme in the lead role and Raul Julia playing the film's main villain.

It's not yet known whether "Streetfighter 2" will be filmed in Australia - as the first one was - but it is projected that it'll get a theatrical release.
Hot damn...there goes my shot at directing the "Real" Streetfighter 2 film. Argh! I always wished someone would shoot "scene-for-scene" a live-action rendition of the SF2 Manga anime.

--Dan