Oh no. I predict it will be even worse then the second movie. Who thinks they shouldn't have done any sequels in the first place? 
http://www.comingsoon.net/news/showestnews.php?id=54141
Several sites reporting this.
http://www.slashfilm.com/2009/04/01/sony-developing-men-in-black-3-and-ghostbusters-3-for-2011/
http://www.cinematical.com/2009/04/01/sony-announces-men-in-black-3/

At the Sony Pictures presentation of their upcoming summer line-up, Sony President of Worldwide Distribution Rory Bruer...
On the latter half of that timeline, he mentioned in passing the previously announced Spider-Man 4 from Sam Raimi and the long-rumored Ghostbusters 3, but the biggest surprise was that Sony plans to go back to the well and make a third "Men in Black" movie as well.
This was the first announcement that Will Smith and Tommy Lee Jones might be back together again, although no further details were given in terms of how far along they are in development, whether there's a script in the works or whether indeed, it will be joining Spider-Man 4 in Sony's summer of 2011.
http://www.comingsoon.net/news/showestnews.php?id=54141
Several sites reporting this.
http://www.slashfilm.com/2009/04/01/sony-developing-men-in-black-3-and-ghostbusters-3-for-2011/
http://www.cinematical.com/2009/04/01/sony-announces-men-in-black-3/
Last edited: