UPDATE: 11:15 PM -
With news that Breaking Dawn is being adapted into two films also comes word that Summit is definitely considering doing the fourth and fifth pictures in 3-D.
I also wanted to point out that Bill Condon will be directing both Breaking Dawn movies!
Among major cast returning: Kristen Stewart, Robert Pattinson and Taylor Lautner along with Peter Facinelli as Carlisle, Elizabeth Reaser as Esme, Jackson Rathbone as Jasper, Nikki Reed as Rosalie, Ashley Greene as Alice and Kellan Lutz as Emmett.
Production begins in the fall.
We will update as more news breaks! Thanks to Gossip Cop for the information.