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So what I do know now is that Etan Cohen, writer of Tropic Thunder has written a script and shooting will begin next month with Will Smith and Tommy Lee Jones reuniting as Agent J and K with Josh Brolin set to play a young version of Agent K and Jemaine Clement set to be MIB 3's villain. The film is due to be released in 3D in 2012.
I even found a teaser trailer featuring Will Smith. Check it:
As for the Spider-Man reboot, Marc Webb of (500) Days of Summer has been hired as director along with Andrew Garfield of The Imaginaruim Of Doctor Parnassus set to play Peter Parker.
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2011 and 2012 might suck really bad.