Iron Man 3 isn't confirmed. Not only have there been no mentions of Marvel wanting a third Iron Man, but they have mentioned they have to do Thor, Captain America: The First Avenger, and finally, The Avengers movies first. As a result, they aren't even thinking Iron Man just yet. Besides, financially, Marvel needs to rake in the dough on the next three movies, or they simply won't be able to do a major blockbuster film like Iron Man. So, with the film's future more than up in the air, it's reasonable for the director to not have any plans for such a movie until the contract is signed.
It's all about the Washington's. Favreau is a smart guy, and a fantastic director. He made two great movies with the previous Iron Man films, and looks to repeat with Cowboys vs. Aliens in 2011. The guy is one of the top directors in the industry right now, and signing with a company that paid him pretty poorly for the second movie is silly. It's better to say 'no,' and wait for Marvel to come to him with a smarter bid. While he may be a fanboy at heart, he still has to be compensated.
There's some good directors out there. Seriously. I love Favreau. His energy and excitement is genuine, and very contagious, but there are other directors that can do more than an average job. So, no complaining unless they hire someone terrible to pick up Iron Man after the Avengers flick.
So, now you don't have to worry, you may go about your business. Before you do, what do you think about this Favreau business? Use the comments section, it's what that box is for!
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