MGM may be about to reach a deal that will take it into a pre-packaged bankruptcy deal that will mean it could be back on its feet before the year end. The article states:
Spyglass Entertainment is nearing a deal to run Metro-Goldwyn-Mayer Inc. once the beleaguered film studio finishes restructuring a roughly $4 billion debt load later this summer, said people familiar with the matter.
Once MGM is again functioning as a studio it should then be in a position to start greenlighting new projects, including Bond 23. It is tight, but that could just mean the next Bond film hitting our screens in 2011.