Ah, ha ha ha... no.
General rule of thumb: Check IMDB for this sort of thing.
War of the Planet of the Apes is on there.
Wonder Woman is on there.
Captain Marvel is on there. Hell,
Neuromancer has an entry, and I don't think there's any question in
anyone's mind at this point that that one is permanently in development hell and never going to surface again.
Do you know what
isn't? Not on Shyamalan's page, or even in "related stories" on the page of
The Last Airbender?
Airbender 2.
And a brief look around says that M. Night is presently working in the field of
self-funded "found footage" horror movies and television right now (note that he directed one, count 'em,
one episode of
Whispering Pines.) With the diminishing returns of his last few pictures, the tanking of a much-loved franchise's chances to ever make a go at big-screen live action, and the absolute disaster that was
After Earth, I don't think anything short of a small miracle- and a "come to Jesus" redemption of Shyamalan's much-observed egotism- is going to see him given access to a nine-figure budget again.
So... Chill. Hollywood is very, very stupid, and often lacking in taste, but they rarely throw good money after bad.