According to Gossip Cop who spoke with a studio representative:

“UPDATE: 10:50 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.

Gossip Cop will update when we hear anything new.”

Now considering the option doesn’t mean that it’s a done deal. How do you feel about Breaking Dawn in 3-D? Take the poll and let us know why in the comments.

We’re going to start this one by saying anything is possible. So here are the facts as we know them, and then we’ll give you our two cents.

A couple of weeks ago Movieset.com ran with a report of Breaking Dawn filming in Louisiana. There wasn’t any kind of back up to the story so we discounted it as just rumor. In fact Pel scoffed at it on Twitter. It didn’t seem to make sense to us for a number of reasons listed below:

1. Terrain- Louisiana and the Pacific Northwest aren’t exactly known for the same look. Finding a range of snow-capped mountains and meadows even in the dead of winter is going to be hard to come by in Louisiana.

2. Exteriors miles away-granted they can throw the modular units that comprise Bella’s house on a tractor trailer and ship them south, but Jacob’s house, the Cullen’s house, etc. are physically located in Vancouver.  Additionally the beaches of the Pacific Northwest look very different than the beaches of the Gulf of Mexico.

3. Slips ups-various actors: Kristen Stewart, Robert Pattinson, Christian Serratos, Peter Facinelli have all alluded to filming in October/November in the Pacific Northwest

So for those reasons we didn’t think very much about it.  Today however comes a report from the NOLA online. One of their reporters tracked the story and this is what he found:

“The second, more telling, development comes in the form of incorporation papers filed last week with the Louisiana Secretary of State’s office by an agent for Summit and establishing a new corporate entity called “TSBD LOUISIANA, L.L.C.” — which would seem to stand for “Twilight: Saga Breaking Dawn.”

Of course, filing incorporation papers is a long way from booking soundstages and crewing up — but as early signs go, it’s a good one that there might be truth to these rumors.”

So in light of this new info what’s our take?

1. Well, they would certainly need an Isle Esme location. There are resorts in the New Orleans that could fit the bill bungalows and all. Some of the bayou area would also do nicely for Alice and Jasper’s Amazon quest.

2. You can certainly get a sound stage anywhere, but it makes sense to get one where you save money. New Orleans and the state of Louisiana is certainly trying to attract business to the area.  In thinking about the novel Breaking Dawn, there are an awful lot of interior scenes, so sound stage work is key.

3. Paparazzi of Vancouver-It’s no secret that during the filming of Eclipse the paparazzi in Vancouver were at a whole new level of intrusiveness. Given that they had gotten down routine and locations from the New Moon shoot it certainly made hounding easier.  When the cast came back for three days of reshoots, one rented a helicopter and buzzed the set cause distraction and and possibly delay.  So moving locations to Louisiana would avoid the seasoned Vancouver paparazzi. There of course will be stringers from LA, but now there’s no local knowledge base to build on since all locations and routine would be fresh.

4. The Weather–at best the weather in the pacific Northwest is a challenge. every single actor and director with the franchise mentions it constantly. The cast kept getting sick in the damp and the cold. Louisiana certainly has better weather.

So in the end, we are thinking it certainly could be a location, but maybe not the only location. Fire away on speculation. At this point your guess is as good as ours. We wouldn’t expect Summit to confirm or deny location until after Eclipse ends its PR run with the release of the DVD, because they tend to focus media releases on one thing at a time, and right now a big splashy summer opening of Eclipse is certainly a priority.

Hit Fix got the scoop on this one being rehashed around the twitter universe and entertainment blogs.

“A Summit Entertainment spokesperson has confirmed to HitFix that “The Twilight Saga: Breaking Dawn” will open nationwide on Nov. 18, 2011. It’s still officially unknown if “Dawn” will be broken up into one or, as rumored, two films.  Stars Kristen Stewart, Robert Pattinson and Taylor Lautner are all expected to return.”

Though media outlets that are less savvy than Hit Fix are talking about this being an odd delay, but in actuality it makes a lot of sense. Here’s why:

1.  Kristen Stewart, Christian Serratos, Robert Pattinson have all in various interviews alluded to the fact that they are free until late fall 2010. There’s some debate whether that means October or November 2010, but let’s just say later fall. Given how tightly New Moon and Eclipse were shot making it tougher for other projects, this longer hiatus gives stars of Twilight the opportunity to do other projects on TV and movies without a totally crazed schedule. Taylor Lautner, Kellan Lutz, and Ashley Greene have booked two movies, Peter Facinelli has one plus Nurse Jackie and the list goes on!

2. Though it’s unclear yet if it will be one or two movies (we are betting two and we’ll explain why in a second) there’s no possible way for the movie(s) to come out any sooner than Thanksgiving 2011. The movies take slightly over three months to shoot. So if we are talking one movie, that would be November-February figuring in some holiday breaks and weather delays. Now you need time to edit, to do CGI, to get a soundtrack and score. No way for that to happen effectively in time for either Memorial Day or July 3 so the best opportunity is to big the big name product at Thanksgiving or Christmas and in this case it’s Thanksgiving.

3. Question: Given this timing what else is in play that we are going to miss this summer? Answer: Comic Con. It seems highly likely that with a November release that the Twilight Saga will be back at Comic Con in summer 2011.  It won’t be there this year because the movie will already have been out for three weeks. So look out Comic Con Twilighters are coming back in 2011!

4. Assuming we are talking two movies (and we are speculating here) the second one would likely be a July 4, 2012 release. Two movies shot back to back would make it a six-month shoot. So that would mean November – April 2011 shooting. It gives ample time still for editing on film one and then on film two.

5. Lastly, why do we think it will be two? A couple of reasons. One, both Stephenie Meyer and Melissa Rosenberg have said they think there is enough material. Two, at a certain level Hollywood is about money and from a studio angle what studio wouldn’t want another multimillion dollar, sure fire hit? Lastly, there’s expanded point of view possibilities. Book three in Breaking Dawn is packed with information and other characters. We are imagining sequences of seeing these vampire allies being recruited, training of the Cullen supporters, Aro summoning his forces and plotting, watching how Jacob spills the beans to Charlie.  So, and again this is conjecture on our part, we see movie one ending with the birth of Renesmee and then movie two picking up from there. Nikki Finke agrees too.

So, given the information, what do you all think?

At this time we still don’t know if it will be one or two movies. The Lexicon staff is betting on two films, because we feel there is enough material as cited by Stephenie Meyer and Melissa Rosenberg.  Assuming it is two movies, and assuming they film from late October 2010 until mid spring 2012we are figuring on a Thanksgiving or Christmas 2011 release on the first and a July 2012 release on the second.  Please note these dates are conjecture on our part based on previous experience and not insider info.

The other EXCITING news is that Stephenie Meyer has been named as one of the films producers. This would indicate a greater level of creative control, which most fans (we believe) would say is a good thing. See the full press release below.

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Los Angeles, CA  April 28, 2010 – Summit Entertainment has confirmed that Academy Award® winner Bill Condon will direct THE TWILIGHT SAGA: BREAKING DAWN, based on the fourth novel in author Stephenie Meyer’s Twilight series.  THE TWILIGHT SAGA: BREAKING DAWN, is currently being written by Melissa Rosenberg, and will star Kristen Stewart, Robert Pattinson and Taylor Lautner.   Wyck Godfrey, Karen Rosenfelt, and Stephenie Meyer will produce the project.

“Bringing Stephenie Meyer’s BREAKING DAWN to the screen requires a graceful and intelligent hand and we believe Bill Condon is exactly the right steward, having shown equal and abundant talents of immense creativity and subtle sensitivity,” said Erik Feig, President of Production and Acquisitions, for Summit Entertainment.

Added author Stephenie Meyer, “I’m so thrilled that Bill wants to work with us. I think he’s going to be a great fit, and I’m excited to see what he does with the material.”

“I’m very excited to get the chance to bring the climax of this saga to life on-screen. As fans of the series know, this is a one-of-a-kind book – and we’re hoping to create an equally unique cinematic experience,” said Bill Condon.

THE TWILIGHT SAGA: BREAKING DAWN illuminates the secrets and mysteries of this spellbinding romantic epic that has entranced millions.

Condon is well known for writing and directing DREAMGIRLS, KINSEY, and GODS AND MONSTERS, for which he won the Academy Award for Best Adapted Screenplay in 1999.  He was nominated for a second Oscar for his screenplay for the movie musical CHICAGO in 2003.  Most recently the multi-hyphenate directed the pilot episode for the Showtime series “The Big C” and produced the 81st Annual Academy Awards telecast, hosted by Hugh Jackman.

The third film in the franchise, THE TWILIGHT SAGA: ECLIPSE is due in theaters on June 30, 2010.