Iron Man Movie Cancelled

Has New Line Cinema discontinued development on the movie? What will happen next?
According to Variety, Iron Man looks likely to revert back to the comic book publisher (Marvel) after more than two years of fruitless development at New Line Cinema. At one point actor Tom Cruise who starred in 'War of the Worlds' earlier this year was interested in the potential would-be film. Nick Cassavetes was being eyed early on by Avi Arad to direct and write the film as well. Ultimately the Iron Man film was officially delayed from 2006 to 2007 several months ago and now it seems it may not see the light of day at all...

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