Here Comes The Men In Black...For the 3rd Time

We've heard reports of this as far back as last April, but now it's official. Men In Black 3 is coming, according to THR.

Barry Sonnenfeld (helmer behind the first two installments) is attached with Etan Cohen commissioned for screenwriting duties. The big question mark revolves around the participation of leads Will Smith (aka The Biggest Movie Star In the Known Galaxy) and Tommy Lee Jones (whose been going through quiet the creative hot-streak as of late with The Three Burials of Melquiades Estrada, No Country For Old Men and In the Valley of Elah).

I seem to recall that getting all three parties to agree to return was the key reason why the second film (released in 2002) was released five years after the original. Is Sony willing to fork over even more mullah for a third go-around with Will, Tommy and Barry? That remains to be seen. Although, the trades (quoting "buzz in development circles") state that there is interest on Smith's end to return.

Sony apparently wants MIB 3 in production by next year - presumably for a summer 2011 release. Since it's been seven years since the last one (which last I remember was met with a "Meh..." reception from the general public), I say wait another year. 2011 is already going to be one insane summer. They're better off placing this in summer 2012 where there was still a lot of vacant slots.