Aliens are a hot commodity, and Paramount Pictures knows it. The studio not only has Area 51 is the pipeline from Paranormal Activity director Oren Peli, but they also are currently filming the J.J. Abrams/Steven Spielberg collaboration Super 8 for a summer 2011 release. Getting in on the action is none other than Michael Bay, who is set to produce his own spin on the popular alien invasion phenomenon alongside Paranormal Activity‘s Steven Schneider. The Bobby Glickert penned top secret project is described as Cloverfield meets Paranormal Activity, a hilarious combination consider the two other films Paramount is distributing. Either way, I’m 100% OK with 400 alien movies so long as they’re GOOD.