We’ve heard from multiple, completely trustworthy sources that Shane Black is in fact writing Iron Man 3. He’ll co-write the movie with Pearce and word is that his ideas are behind a lot of what’s happening with the script they’re working on. Shane Black will be writing, or co-writing at least, the Iron Man 3 script which he’ll also direct.
There’s a lot of speculation as to why Black is simply co-writing; there are thoughts that Black might turn this into an R rated film (which is silly). The reason or reasons is pointless to speculate. Black is co-writing, he is directing. If Disney thought he would be wrong, they would have looked around for someone else, right?
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