Taylor is Stretch Armstrong!

From Examiner.com:

In a move that guarantees a female audience where one may not have existed before, Taylor Lautner has been cast to star in Stretch Armstrong, a film based on the Hasbro action figure owned by every prepubescent boy in the 1990s.

According to The Hollywood Reporter, who broke the news of the Twilight star's involvement, Universal is forgoing the live-action format and is instead making the movie in 3D, a decision that will push back the scheduled release of May 15, 2011 to some point in 2012.

The story follows an uptight spy who unwittingly exposes himself to a formula giving him the power to, well,... stretch. With the birth of these newfound abilities, Stretch has to learn to adjust in both his everyday life and his crime-fighting escapades.

"In the past two years, Taylor has emerged as a real star at the global box office. He brings the perfect balance of energy and athleticism to the role of an unlikely super hero with a fantastic super power," said Donna Langley, Universal co-chairman.

Since his breakout role as Jacob the werewolf in the Twilight franchise, the teen heartthrob appears to be in line to become the next young action star. Besides Stretch, the 17-year-old has also been in talks to play the title character in Max Steel (another superhero), and has signed on as the lead in Cancun, a hostage thriller centered on a martial arts savvy college student who must rescue his buddies and girlfriend while on vacation.