Well we had all thought he had retired, and much more than thought, it was publicly announced. However, Moviehole are reporting that he might not be:

The semi-retired actor, who last year walked away from 'Canon' to concenrate on his writing, is in talks to rejoin the production. Brett Ratner will resume his directing position.

"20th Century Fox apparently intended on getting the movie up-and-going again - but they assumed with a new star. To their surprise, Connery's considering it now", an insider tells Moviehole...

...The dramatic heist story is about a Holocaust survivor who leads the world's foremost team of bank robbers. The criminal mastermind sets his sights on a supposedly impenetrable bank in Switzerland, which holds special appeal.it purportedly houses gold deposited by Jews prior to the Holocaust.

I think this is great news, really. I think Sean Connery is a great actor in the old Hollywood meaning of the words, and although I don't agree with his Scottish Political comments and views, I do think he's an amazing on screen.

Here's a point though, he left Canon to work on his book, well he's handed back that huge advancement they gave him and abandoned the idea of writing it. That means he is technically free...Surely you agree this is great news!