Yes, that's great! Though I just hope he can make a score the quality of the OT. His PT scores aren't really too great (especially when you hear what some faneditors rescore), but if my mind serves me right, Lucas didn't give him enough time to really work on the scores for the prequels. And even then, the movies were so bad he couldn't find inspiration probably.

Well, no matter what, it's good to know John Williams is doing VII. Star Wars wouldn't be Star Wars without all his classic themes.