According to a scooper for Aint it Cool, sunny-adorned alien busters Tommy Lee Jones and Will Smith are set to hit the creature-infested streets again for a "Men in Black 3".
Producer Walter Parkes ["The Island"] confirmed that the sequel is in the "planning phase" and that they're coaxing Sirs Jones and Smith back to the ghostbusting business.
In 2003, rumours surfaced that Barry Sonnenfeld, director of the first two "Men in Black" movies, and Producer Parkes, didn't especially enjoying work together on the last sequel - so it'll be interesting to see whether Bazz returns for a third bout.
the link