I think the assumptions in this thread that a Simon Pegg movie should be compared to Shaun of the Dead and Hot Fuzz are weird. Simon Pegg does have a pretty decent career outside of the two movies he’s done with Edgar Wright and Nick Frost (and of course, Spaced). This is the second movie he’s done with David Schwimmer (I think they became friends on the set of Band of Brothers). The first was Big Nothing and it’s a pretty dark black comedy–I was more disturbed than amused, though Pegg did a great job.
Simon is doing a film with Nick Frost (but not with Edgar Wright) called Paul, and he and Wright are currently writing the third in the “Blood and Ice Cream” trilogy. Unfortunately, there’s no info about that floating around, except that it’ll involve green Cornettos (as opposed to red for blood and blue for cops).

Good stuff.)