Jon Favreau Confirms He'll Direct 'Magic Kingdom' Instead Of 'Iron Man 3'

Here's the good news: Robert Downey Jr. is still set star in "Iron Man 3." And here's the bad: He'll be suiting up in maroon and gold for a director other than Jon Favreau.
Following yesterday's initial report that Favreau had relinquished the "Iron Man 3" director's chair, we wondered what he might do instead. Now, [...]

Source: http://moviesblog.mtv.com/2010/12/15/jon-favreau-confirms-hell-direct-magic-kingdom-instead-of-iron-man-3/

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