Agent 007 is renewing his license to kill.

Previously derailed by MGM's frequently reported financial troubles, Movie Web reports that the James Bond series is now back in action thanks to the resolution of the MGM situation. The studio will retain fifty percent of the rights to the Bond series, according to the report, with the intention of releasing the already delayed Bond 23 in November of 2012. Additionally, the studio intends to release one Bond film every other year following this latest installment.

But there's some question over whether or not the original team on Bond 23 will show up now that MGM's financial troubles have been resolved. Leading man Daniel Craig, for instance, is currently shooting his role as crusading journalist Mikael Blomkvist in David Fincher's adaptation of The Girl with the Dragon Tattoo, and he's committed to playing the role for the two other installments of the franchise. Between those films and a possible franchise in Cowboys & Aliens, not to mention the relatively tight time table on the next Bond film, it's possible that Craig has already fulfilled his last mission as the well-dressed super spy.

For now, at least we know another Bond movie is coming relatively soon. Bond fans, does the news bring a sigh of relief or are you still holding your breath waiting for official news of Craig's return?