Favreau Out of Iron Man 3?

AICN reported a rumor today that says Jon Favreau was off the next Iron Man movie an that Marvel was quietly looking for his replacement. In the last 30 minutes, Favreau has gone on the record on his twitter account as saying that he is in fact not attached to Iron Man 3 and will be working on a huge Disney Project.

Too bad because I enjoyed Iron Man. Any thoughts on who can take the helm in his absence?

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