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We’ve been hearing for months that High School Musical 3 – which hits actual movie theaters this fall – would be the last installment in this world-dominatng Disney franchise.

Now, however, The Hollywood Reported is causing screams and tears around the country with the rumor that there are actually plans for High School Musical 4.

“We are writing High School Musical 4, ” Disney Channel Worldwide president Rich Ross confirmed Tuesday after a presentation at a midtown Manhattan recording studio, adding that the idea right now is to keep the fourth film as TV movie, unlike High School Musical 3: Senior Year.

Ross hopes to retain at least some of the original cast.

Might Zac Efron, Vanessa Hudgens and friends return for a fourth version of High School Musical?

What do you think: is High School Musical 4 a good idea? Or is the franchise running the risk of overstaying its welcome?