Looks like she already got a new director.http://www.imdb.com/title/tt1234541/news#ni0523550
New Director, Cast and Title For Third 'Butterfly Effect'
6 August 2008 3:23 PM, PDT | From bloody-disgusting.com | See recent Bloody-Disgusting.com news
We originally reported that Anthony Leonardi was in talks to get behind the camera for the third Butterfly Effect film... sometimes it doesn't always pan out. We learned this afternoon that Seth Grossman will direct the newly titled Butterfly Revelation (Butterfly Effect: Revelation) for After Dark Films. We were also tipped off that Chris Carmack will topline as Sam Reed in the film, which was written by Holly Brix. A fatal fire in his childhood has somehow given Sam Reed the capacity to travel back in time -- a "psychic" talent that, thus far, he has used to help fight crime. But, in order to save an innocent man from the death chamber, Sam travels back to try and track the real killer of an old love -- and winds up ripping a hole in the fabric of the past and unleashing a vicious serial slayer on an unsuspecting world.