Alien Sequel Coming From District 9 Director?

This all seems a little out of left field to me, but Variety is reporting that District 9 director Neil Blomkamp is going to start work on a new Alien sequel. I liked District 9 well enough but it was pretty low-budget and I'm not sure that I'd trust its director with one of my favourite movie franchises, personally.  Not that there haven't already been some bad films in the series but... oh, who am I kidding?  Considering how much I adored Prometheus and the recent Alien: Isolation video game, I'll probably be one of the first in line to see this, whenever it comes out.