Yea he's making another movie, but insider reports hint that to prevent piracy, Lucas has sworn that the film will never actually be SHOWN to anyone. Rumor has it that the film will be not-shown for one year, and then digitally remastered to match his original vision, and released on DVD. To fight piracy, the released DVDs will not actually contain the movie but will instead contain 2 hours of watermarks and corrupted datastreams that can only be seen if you buy a new dvd player, cable, and television. The televisions however will not actually display anything to prevent camcorder copying, the cable will not contain any data lines so it cannot be spliced, and the dvd player is actually a cd shredder.
Lucas predicts this will finally result in one of his movies making a profit for the very first time, and industry officials led by the MPAA and Film Actors Guild have released statements supporting Lucas' anti-piracy efforts.