What exactlly are the plans for the B5 universe?

Apart from knowing that something is happening, I know absolutely nothing.

That's all I'd read, too. JMS being very mysterious, saying that they're working hard on something blah, blah.

JMS is talking about the nexy Babylon 5 project, which he is legally only allowed to say is called 'TMOS'. For a long while it was rumoured that the 'OS' stood for 'Of Shadows', but apparently in the commentary to 'Sleeping in Light', he talks of The Myth of Sheridan.

Also, based on clues JMS is subtly throwing in, it would appear that this TMOS is a movie (I think he sneakily mentioned aspect ratios).

As to anything more, we don't know! There was supposed to be an announcement at the end of Januray, but nothing came of it...

Ah, seems we may have a wee while longer to wait then.

Whilst the new project is almost certainly a movie, it's an equally safe bet that Joe will be angling it as a potential pilot of sorts.

With regards to the movie rumour, I believe it started because of this;