It has come to the stage now that I think "Under Siege 3" will never be made. It has been stuck in development hell for over 8 years, throughout this whole time there has been nothing but speculation and false prophesies regarding story and director and it really is getting tiresome. No, this project has gone the way of "Predator 3" and "Die Hard 4" - other much mooted sequels which never got off the ground.
One of the real problems with the proposed project is that the Siege/Die Hard type films have been done to death already and scriptwriters are running out of new ways to give them a fresh spin. I mean look at the host of places these films and their imitators have been set already. We've had Die Hard in a bus - "Speed", in a sports venue - "Sudden Death", in a plane - "Passenger 57", "Executive Decision" & "Air Force One", in a city - "Die Hard With A Veagence", on a cruise liner - "Speed 2", on a battleship - "Under Siege", in an airport -"Die Hard 2", on a train - "Under Siege 2", etc etc, and thats only the ones I remember of!
I think it is only a good idea if a fresh scenario and good script is drummed up but this is a tall order given that originality is in scarce supply in Hollywood and even so I think Seagal has missed his chance to make it. The best time I think to have made it was directly after "Exit Wounds" when he made a brief come back at the box office. He has teamed up with a low budget studio since then and released a flop in "Half Past Dead" resulting in more straight to video releases, so unless he pulls something major out of the bag I think he's screwed as a box office crowd puller.
One project I would like to see him make however is "The Yakuza" update. I think with a good studio and moderate budget it has the potential to be good. The main role is tailor made for Seagal and contains loads of martial arts and sword fights and set in Japan as well. He is the only star I can think of with enough authenticity to take on such a role. Here's hoping this ones made.
Peace
MMCK