Terminator 5 to bring Judgement Day to present day London?

There’s a nifty rumour that the fifth Terminator movie will be set in the present day and also shift the focus of the action from America to London. After Terminator Salvation, it looks as though the rumours of a time travel story may be true, and this seems to be backed up by statements from McG, who wants to see John Connor come back to the present day to warn us of an impending invasion from Skynet, and fighting back with conventional technology.
This could be kind of cool, really. The time travel aspect was one of the core points of the original Terminator movies, and if it could be done well and in a suitably different manner to the three previous stabs at time travel plots, then it could be fantastic. Granted, bringing a shouty Christian Bale back to wage war in London does sound a bit like revisiting Reign of Fire, but that might not be a bad thing. I’d like to think that the script for Terminator 5 will also give John Connor more to do than shout, as well.
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