It was probably never going to happen, but Jon Favreau confirmed to MTV News that he won't be directing the Avengers movie. It's too bad, because everyone seemed to like what he did with Iron Man, and finding a good superhero movie director can be tough. Favreau will still be involved with Avengers, though, so all is not lost:
"They'll have to [find a different director], because I'm not going to be available," he explained. "It's something I'm being the executive producer on, so I'll definitely have input and a say."
"It's going to be hard, because I was so involved in creating the world of Iron Man and is very much a tech-based hero, and then with 'Avengers' you're going to be introducing some supernatural aspects because of Thor," he continued. "How you mix the two of those works very well in the comic books, but it's going to take a lot of thoughtfulness to make that all work and not blow the reality that we've created."