From Production Weekly (thanks to moonatnight for passing this along):
“Mission: Impossible 3″ co-stars Keri Russell and Jonathan Rhys Meyers, may reunite on Kirsten Sheridan’s upcoming fantasy love story “August Rush”. Freddie Highmore (“Charlie and the Chocolate Factory”) and Robin Williams star in the film, which starts shooting February 13 in New York. Set in Central Park, it’s the story of young lovers and gifted musical prodigies Louis and Lyla have one night together before they are parted for ten years. But that one night leaves a legacy of a child, August, and the start of a musical journey that unites an extraordinary family. Highmore will play the boy and Williams the mysterious benefactor wizard.