Mike Mitchell was talking about the upcoming Shrek Forever After (Previously rumoured to be Shrek Goes Fourth) and decidedly stated this would be the last film of the franchise.

He also gave us a little insight into what this last chapter would be about.

Worst Previews says:

After rescuing a princess, getting hitched and fathering triplets, Shrek is feeling over-domesticated. “He has lost his roar,” said Mitchell. “It used to send villagers running away in terror. Now they run to him and ask him to sign their pitchforks and torches.”

To regain his ogre mojo, he strikes a deal with Rumpelstiltskin, the wee troublemaker who popped up briefly in the last two installments. Of course, the pact goes awry and Shrek must confront what life would be like in Far Far Away if he had never existed. That translates into Donkey being forced into cart-pulling duty, fat and lazy Puss in Boots trading his sword for a pink bow and the underhanded Rumpelstiltskin ruling the kingdom.

So basically its Shrek in Its a Wonderful Life.

I wonder if there will be an angel attempting to earn its wings who helps him set everything right again?

I loved Shrek, and the second one was a step down for me, and now with the Third film leaving a sour taste in my mouth, I have lost excitement about seeing Shrek on film, but perhaps this will redeem the Scottish Ogre, and Shrek can go out on a high note.

There will be a trailer shown before Avatar on its December 18th release.