According to Dread Central:
Arachnoquake, a movie, which it sounds like is being made for SYFY, and which stars: Edward Furlong (Terminator 2: Judgement Day), Tracy Gold (Growing Pains) Ethan Philips (Startrek: Voyager). Now this movie tells the story of how the already battered city of New Orleans, ends up suffering from yet another disaster, when after a series of quakes dislodge a group of imprisioned monstro-spiders from beneath the Earth!
As far as the movie goes, great cast! For what sounds like a wonderfully bizarre movie… I guess we’ll just have to wait and see!