Are Bill and Ted Embarking on a Third Excellent Adventure?

The biggest news out of the Oscars Sunday night may not have been "The Hurt Locker's" big wins or the disclosure that Meryl Streep loves Hitler memorabilia, but rather a small bit of movie development news gleaned out on the red carpet. And it came from Keanu Reeves of all people. In an interview with MTV no less. So what's the news? A third "Bill & Ted's Excellent Adventure" may be in the works. According to Aintitcool.com, it's "actually not a terribly new notion -- Keanu's been talking up a third 'Bill & Ted' movie for a while now. His hope is to reunite with co-star Alex Winter in a film that would catch-up with the characters as adults (as much as you can use the world 'adult' in association with Bill or Ted)."

So what was it that Keanu said that has B&T fans excited? See the clip -- and a few nostalgic clips from the original -- after the jump.