Re: If Favs is indeed out, who do you want to take the reins of Iron Man 3?
The Matrix and Bound are great movies and even their failures are interesting to watch (Speed Race, Matrix sequels).
I think the Wachowskis could make a great Iron Man sequel using the framework of Favreau's movies.
They are not hacks. The Matrix is a perfect action movie.
MR - Morlock Rule