My money says this one goes straight to DVD. It's produced by Stero Vision Entertainment (who?) and here's the press release form the company:
LOS ANGELES--(BUSINESS WIRE)--Stereo Vision Entertainment, Inc. (OTCBB: SVSN - News), a film production company focused exclusively on developing high quality, low cost, polarized 3D feature films, announced today that the undefeated Mixed Martial Arts phenomenon, Kimbo Slice, will be co-starring with Hulk Hogan in Stereo Vision's hilarious kids' comedy "Kung Fu U" in 3D.
"Kung Fu U" in 3D is a Disney-type comedy about of a bunch of nerds and misfits that are sent away by their wealthy parents to the Brentwood Academy (a.k.a. Kung Fu U) to learn the finer arts of self-defense. It's a heart-warming romp where the rather weathered warriors come to the rescue for the kids, and in turn, the kids rescue the warriors’ seemingly lost souls from what had been their eternal apathy. It's a feel-good story that reminds us that we're all the same, no matter what our age, or where we came from, and that we should all stick together.
Stereo Vision's Chairman, "Baywatch" creator Doug Schwartz, stated, "We're very happy to have Kimbo Slice co-starring in 'Kung Fu U.' He has an enormous media presence, and he'll fit right in with our star Hulk Hogan, and the other cast members in our made for kids 3D movie. We hope to have 'Kung Fu U' in 3D in theatres by the fall of '09."(Source)The only problem I have with this, other than it probably being horrible, is that Hogan is currently in the midst of an ugly, public dispute with his wife and has shown his true colors in the "Jailhouse Tapes" that feature he and his son Nick. The tapes include dialogue between the two saying that the injured friend of Nick Hogan, hurt in Nick's racing incident, deserved what happened because of Karma.