I'm a huge Star Wars fan. Probably more into it than SEGA and Sonic, to be honest.
This is big news indeed.
At first, I was crushed. Then I thought about how much I love Pixar and how great the Marvel movies have become. Now I'm feeling positive about this. For starters, Kathleen Kennedy is now the new president of Lucasfilm. This woman was a huge influence on many of Spielberg's films including Indiana Jones.
As for the Sequel Trilogy, as I've started to call it, I'm leaning towards positive. Let me just say that I love the OT and am a big PT fan. Yup! I really like the prequels. Episode I, while flawed, has many of my favorite PT moments. Episode II is a lot of fun for me: the Fetts, the whole Geonosis battle, Christopher Lee. Episode III is better than ROTJ in my eyes, which is a big accomplishment.
To be honest, there is a HUGE prequel fanbase. Head on over to TheForce.net forums or attend any Star Wars Celebration, Disney Star Wars Fan Days or listen to any episode of the Forcecast podcast. People who hate the prequels and think that everybody else does are dead wrong. If Star Wars was dead to you in '83, then honestly get the fuck out of the franchise. It's not for you anymore, but it is DEFINITELY for thousands if not millions of other people.
So now comes the sequel trilogy. Lucas has had story outlines for a few years now, according to him, and he will sit down with a team of writers to craft the scripts. As The Clone Wars series has proven, Lucas with the overarching plot ideas, and hired writers is a match made in heaven. So quality scripts/dialogue for the sequel trilogy are far more possible than what the PT gave us. Despite how much I like the PT, I concede that the dialogue was the weakest aspect.
If the scripts are quality, the story has a reason to be told and expands on the Skywalker mythos, actors return including Peter Mayhew, Anthony Daniels, Mark Hamill, Carrie Fisher and Harrison Fucking Ford then my body is ready. Spielberg has always wanted to direct a movie, and he even guest directed on Episode III, so he is my top pick for ep 7. John Williams might not be in it for all three, but he can surely compose ep 7 and set some themes in place for the next two movies.