From IndianaJones.com (via Ain't It Cool News):
For the first time since 1989, Harrison Ford dons the familiar costume on Thursday, June 21, 2007, as the upcoming Indiana Jones adventure begins production under the direction of Steven Spielberg. The new Indiana Jones movie is set in the 1950s and stars Shia LaBeouf, Cate Blanchett, John Hurt, Ray Winstone and Jim Broadbent. The Lucasfilm Ltd. production will be released by Paramount Pictures worldwide on May 22, 2008.
I just hope they axed the CGI whip idea.