I think Cameron is past the point of directing anything good. In the last 20 years he has only directed 2 movies, and while both are visually appealing, they are not near the level of quality of his previous films. Maybe he still has "it", but I wouldn't say it's a sure thing.
Really throughout his entire career Cameron has only directed three exceptional movies, and the last one was Terminator 2 in 1991. True Lies, The Abyss, Titanic, and I guess Avatar were all pretty good, but nothing special imo. Although I must say Titanic is still visually stunning to this day.
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