After years of speculation and false starts, it appears Miramax has finally cleared a production path for the sequel to Rounders.

Details about the project are few and far between. There’s no official word on cast and crew, although most of the major players in the original have indicated at various points they wouldn’t be opposed to a reunion.

If that ends up being the case, Rounders 2 would certainly have at least a few of the ingredients necessary for success; Matt Damon and Ed Norton both remain relatively high-profile actors, and the original move has achieved somewhat of a cult status over the years.

News of the production status was released yesterday in a statement from Miramax announcing a broader partnership with the Weinstein brothers:

Miramax and The Weinstein Company (TWC) today announced an agreement to create sequels to some of Miramax’s best-known properties and to partner on potential new television shows and special edition home entertainment products. The first films to be produced under the agreement will be sequels to Bad Santa, Rounders and Shakespeare in Love.

Rounders 2 and Bad Santa 2? Could be a decent year at the multiplex.

If Miramax-Stein doesn’t blow it, that is. Poker is notoriously difficult to translate to the big screen, and finding a balance in the story that will satisfy both fans of poker and a mainstream audience is a difficult task at best.

In the meantime, cue the speculation! Is Mike now a seasoned Vegas pro, handily taking down major tournaments and cashing in on the poker boom? Is Worm part of a super-user syndicate that cheats players out of millions online? Will Knish still be grinding it out on his leathery ass? Will Gretchen Mol be driving his passed-around truck route?

Will Johnny Chan again appear and inexplicably not call a fourth raise preflop against a short stack?

There’s a stub over at IMBD for the project, expect updates there when they become available.