I was very excited to see the American Reunion movie. I saw American Pie just after college and remembered it was quite funny.
Jim, Michelle, Oz, Heather, Stifler reunite for their high school...
I suspect E.T. will indeed see release next year and Indy has already been "unofficially" confirmed. Apparently the latter is pretty much ready for release, but Lucas didn't want to toss out both the Star Wars set and an Indiana Jones one at the same time. I'm guessing Indy will see release in 2012 around the same time that SW did this year.
That's not going to happen. After the ET debacle Spielberg is not a fan of screwing with old work. I doubt Lucas would try to make him change something. Maybe make the guy in DOOM who gets his heart cut out shout "NOOOOOOOOOOO"!