Taken from the BBC news website today…

Director Sir Ridley Scott is to direct a prequel to seminal sci-fi horror film Alien, according to reports.
Trade newspaper Variety said the 71-year-old would return to the franchise he began in 1979 with actors Sigourney Weaver and John Hurt.
Sir Ridley, who is currently directing Robin Hood, has not made a sci-fi movie since Blade Runner in 1982.
He was not involved in the three Alien sequels or the two Alien vs Predator spin-offs.
It is thought the prequel will tell the story of the events leading up to the original film, in which the crew of a commercial towing ship respond to a distress signal - only to discover it was generated by an empty ship that was meant to warn them.
The film will be written by Jon Spaihts, who has also penned Keanu Reeves' space film project Passengers, after he pitched his idea for the reboot to Twentieth Century Fox and Sir Ridley's production company.
Alien, which celebrates its 30th anniversary this year, won an Oscar for best visual effects in 1980.

http://news.bbc.co.uk/1/hi/entertainment/8178676.stm
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Thanks for the update!
But I'm disappointed...
...really...

I thought from the Topic...
It was going to be 'our' Scottie doing it!
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Give me golf clubs, fresh air and a beautiful partner, and you can keep the clubs and the fresh air.
(Jack Benny)

That would be one hellova f*cked up film if I ever got my hands on it

This film will still suck, and make a mockery of an already screwed up timeline.
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my dad worked on the original film, i reckon old ridley will make a great prequel, it is the story we have all waited for, the "origin" story...long overdue.

I think it wil be good too. Always good to have an explination from the start. I liked the new Star Wars films too even though loads of people slated them.
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Healthy, who cares?..... Pork away!