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Chris Wyman wrote:

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I just got it to load for me, so it's up there. Lucasfilm has denied every bit of it, of course, but...you can't just ignore it given the track record for that website.  

After reading it I definitely got more interested than I expected, but to be perfectly honest, I'm not going to follow this story too far till I hear it from LFL or a named source.

Despite their mention that it will not include the stories from the holding pattern live action TV series, Lucas has constantly dredged up old ideas from 1973 to the present to find elements for Star Wars and even Indiana Jones. I can see Lucas being frustrated that he can't move forward on the series and he would probably love to have $150M to bring them to life.

The biggest reason that I doubt this will come to pass is Lucas's age. If he rereleases a 3D version of each Star Wars movie that gets us to 2017 for Return of the Jedi right around GL's 73rd birthday. Let's be ambitious and assume he works on a new Star Wars movie throughout the 3D releases and gets it ready in 2018. Add six years to put together the next two episodes and you have him completing a new trilogy at 80 years old. I think it's a very safe bet that he'd be heavily involved, but I'm just assuming that Lucas would direct. Stranger things happen, though. One of Lucas's influences is Akira Kurosawa who directed until his death at age 88.

One of my main concerns is actually that John Williams very possibly could not score three movies during those years. Based on an estimate that the first new episode was released in 2018, that would have Williams start the job at 86 years old. Personally, I'm very happy with where the two trilogies stand. I'll definitely line up for Star Wars VII or whatever, but I'm doubtful that they'll come to pass.     

For those that may have difficulty viewing it, here's the original IESB.net story:

Written by IESB Staff    Friday, 22 October 2010 23:30  
Don't start packing up your lawn chairs and igloo coolers just yet, but there will once again be "camping out" for a Star Wars movie. IESB has learned some news about the future of the Star Wars franchise.
First, let me remind our readers of IESB's past scoops so anyone doubting the news will be aware. From Joss Whedon directing the Avengers, to the recent announcement of Disney's planned renegotiation of the Paramount Marvel deal, to the countless casting scoops, directing scoops, to our solid sources at Lucasfilm.

Confirmed IESB scoops specific to the Star Wars universe include the first announcement of the PG-13 rating of Star Wars: Revenge of the Sith, the first word of a live action Star Wars TV series as well as the Clone Wars animated series. Yes, all of these Lucasfilm scoops were all first reported here on IESB.

Now on to our newest big Lucasfilm scoop, ready? George Lucas is plotting to create new Star Wars movies at the ultra top-secret Skywalker Ranch.

This is déjà vu of the mid 90's when Uncle George starting tweaking the Holy Trilogy to gear up for the Special Editions. That was his first step in moving forward with the eventual prequel trilogy.

It's happening all over again, Lucasfilm is already hard at work converting the entire Star Wars saga into 3D which will be released starting with Episode I: The Phantom Menace in 2012. The word from our ultra top-secret Lucasfilm insider is that Lucas has gotten the itch and is already looking ahead into launching an entirely new trilogy in that galaxy far, far away.

What do we know? First of all, these new film will have nothing to do with the live action television series currently in development. That show already has over 50 scripts ready to go and plenty of pre-production time and money has been spent on artwork and storyboards. Once that show goes into production, Lucasfilm hopes to be able to produce at least 100 episodes since that is the threshold for syndication in the United States.

IESB has been told fans can expect the new trilogy after the entire saga is released in 3D which is expected to be complete around 2015 or 2016.

Uncle George's modus operandi has not changed, the plan is that he will self finance the new trilogy after he rakes in an expected $500 - $750 million dollars with the re-release of the entire Star Wars Saga in 3D and on Blu-Ray.

The ideal plan, according to our spy at Skywalker Ranch, is to be able to release a new Star Wars film within 24 months after the release of the last re-re-release (is that right?) of Return of the Jedi 3D.

Too early for story details but one thing that our source is certain about, they will not be prequels but instead sequels. It's not for certain if they will be the long awaited Episodes 7, 8 and 9 but could instead be Episodes 10, 11 and 12 or possibly even further out in the Star Wars timeline. And by giving space in the timeline, possibly even as far as 100 years or 1,000 years in the Star Wars universe future, Lucas avoids having to make these stories "fit in" with what the previous stories have told.

According to our sources, the most likely scenario for the films is that they will exist in the same universe but will not have anything to do with the Skywalker Clan. That story has been told, that starship has sailed.

What has caused this sudden change of heart for Uncle George? Well, besides the obvious possible billions that a new Star Wars trilogy will take in, our source tells us that George has gotten motivated with the success the Clone Wars animated series, the video games and also with the success of Avatar.

Can we expect Lucasfilm to confirm our story? Have they ever? Nope, I am sure that they will spin this or completly deny the story, but we will stand 100% behind our source.