After Disney bought out Lucasfilm and acquired the rights to Star Wars, anticipation for the next installment of George Lucas' money-printing space epic shot way up among fanboys, fangirls, and merchandising opportunists. At CinemaCon in Las Vegas today, the Disney-Lucasfilm doomsday machine announced they will crank out new Star Wars installments at the rate of one per year for the foreseeable future.

After Disney tacks on the lastest episode to the original saga, they'll round out the five or six-year plan by alternating releases between the new trilogy and spinoff flicks. Rumor has it those will focus on on Boba Fett, Yoda and a young Han Solo. (Which wouldn't even be the first time Harrison Ford got prequel'ed.)

So what should viewers expect from the forthcoming Episode VII? Production on the J.J. Abrams-directed installment has yet to begin, but screenwriter Michael Arndt, best known for penning Little Miss Sunshine and Toy Story 3, has reportedly turned in a script. In the meantime, noted geek Patton Oswalt improvised his own pitch for the movie in character while taping an upcoming episode of Parks & Recreation, and it is just insane in the best way possible:

Spider-robot Chewbacca FTW, as they say.

Previously: Disney Buys Lucasfilm for $4 Billion; George Lucas Passes 'Star Wars' on 'To a New Generation of Filmmakers'
[FilmThrasher]
[io9]