Nope, Donner says, it's so, as reported by Coming Soon:
"It's too bad, actually, because Channing Gibson, who wrote the fourth one, and Mike Riva, a designer on three of them, and myself and Derek [Hoffman, an associate at The Donner Company] had an incredibly strong story for the fifth movie. But we weren't given the opportunity and I think maybe I could have convinced Mel to do it. But Warners chose to go with Joel Silver."
"Yes, the project is pretty much dead in the water unless someone had the sense to come to me."
I like his candor. Unfortunately, so few people seem to have any sense. The full L.A. Times article is here, if anyone cares that much. Doubtful.
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