Pajiba (via SlashFilm) claims to have some information regarding this secret project. "J.J. Abrams and his production company, Bad Robot, are secretly developing a movie called 500 Rads." They go on to say the budget is supposedly around $25 ...
Hisagi
3:00 PM
J.J. Abrams' Next New Super Top Secret Project: 500 Rads?
Can you remember back to July 3rd, 2007? You were probably sitting in a theater, and some random trailer started playing that had footage from a surprise birthday party for some guy named Rob. That was the start of Cloverfield. They hadn't even shot any real footage, it was a super secret project, and that first trailer captured everyone's interest. Jump ahead a few years and now J.J. Abrams is done with Star Trek. We don't yet know if he's directing the sequel and his go-to guys from Cloverfield (Matt Reeves, Drew Goddard) are both off doing other projects. So could he be working on another secret project? One called 500 Rads?