On the same day Cruise gets the boot Paramount inks a deal with nemesis pairing Trey Parker and Matt Stone. SOOOO Scandalous.

"South Park" creators Trey Parker and Matt Stone have set two live-action films at Paramount.

Parker and Stone, who have re-christened their Par-based shingle Important Pictures, will first make the Jeff Roda-scripted high school comedy "My All-American." They plan to follow with "Giant Monsters Attack Japan!," a film scripted by J.F. Lawton ("Under Siege") that will combine live-action with the "rubber suit" techniques made popular in Asian imports like "Godzilla."

Parker will direct each film and Stone produce; both will work on the scripts with the writers. Sean Daniel and Nickelodeon will also be producers on "Giant Monsters."

Parker and Stone are aiming for a 2007 production start, timed to a hiatus from "South Park," which this week launched its 10th season.