Sacha Baron Cohen and Will Ferrell are reuniting for an as-yet-untitled comedy project about Sherlock Holmes.The movie would feature Cohen as the master detective and Ferrell as his assistant, Dr. Watson. It’s being written by Etan Cohen (Tropic Thunder) and produced by Judd Apatow and Jimmy Miller, who previously produced Talladega Nights: The Ballad of Ricky Bobby, in which the actors costarred. ”Just the idea of Sacha and Will as Sherlock Holmes and Watson makes us laugh,” Columbia Pictures copresident Matt Tolmach said in Variety. There’s no word on when the film is due to go into production; presently, Cohen is at work on Bruno, while Ferrell recently wrapped Land of the Lost and has Step Brothers coming out later this month.

This is the second project featuring Sir Arthur Conan Doyle’s legendary sleuth currently in development at a major studio. A drama from director Guy Ritchie is in the works elsewhere.

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Born last month, Sacha Baron Cohen and Isla Fisher’s daughter Olive had her first outing in Beverly Hills Wednesday. The comedic couple were spotted leaving the Four Seasons – mother and daughter in matching grey with Olive sporting fashionable pink converse and Borat star Cohen dutifully carrying the child seat. Fisher is set to focus on motherhood and has said she hasn’t “got any plans to jump back into [work],” but fans can look forward to Cohen’s next flick, which features his alter ego Bruno and Universal Pictures won the bidding war to produce.

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New parents Aussie actress Isla Fisher and British comedian Sacha Baron Cohen took their daughter who is reportedly named Olive, with them for a picnic at Malibu Bluffs Park last week. This is the first sighting of Olive who was born on October 17.

Actress Isla Fisher has finally given birth to a baby girl. Isla and her fiance Sasha Baron Cohen welcomed their first child today, October 19, 2007! The last picture I saw of her out and about she looked like she was getting ready to pop. Congrats to them! I’ll provide more information as soon as it’s announced.

The red bikini leaves nothing to the imagination - Isla Fisher has a baby bump.

Fisher was seen holidaying in Mexico’s Cabo San Lucas with fiance Sasha Baron Cohen, of Borat and Ali G fame.

While the couple have kept quiet on pregnancy rumours for months, word of an impending birth gathered pace during this week’s MTV Music Awards.

A British newspaper said the couple revealed the good news to friends at hip los Angeles pub the Cat and Fiddle.

The Daily Star quoted a source as saying: “Isla called everyone to a toast and gushed, ‘We have got good news. I am pregnant’.”

Representatives for the 31-year-old redhead have repeatedly defused rumours and have told the media, “If or when Isla becomes pregnant, she and her fiance will decide if an announcement is necessary.”

The couple have yet to set a date for their wedding.

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