I haven’t heard anything about a Lion King 4. I honestly don’t think Disney will make any more (proper) TLK movies. (TLK 1/2 was just a parody of the original, in my eyes. Not needed.)
Like most people, I heard that it is coming this year. I also heard that it could be the continueing story after the second movie, where the hyenas return. They say that the creaters of 1 1/2 were developing it. I also heard that it might come to Disc mid to late 2010. At least those are what I read and heard.
Um, since the other one is a lot more popular, and this one was brought back from December 15th, I'm gonna lock this one. You don't have to bring back old topics that are the same as newer, more active ones.