It seems that David Goyer, the man with a finger in many a comic book movie pie, has been signed to direct the upcoming MAGNETO movie:
After the first three “X-Men” films grossed more than $1 billion worldwide, Fox and Marvel hatched the spinoff program. “Magneto” will be the second such movie to go into production. First up is “Wolverine,” a David Benioff-scripted film that will star Hugh Jackman as the steel-clawed mutant; Fox and Marvel will set a director shortly on that pic.
Goyer will develop a “Magneto” script that was written by Sheldon Turner.
Ian McKellen will be involved but since the story is a flashback, he won’t be involved that much, which is a shame, because we would watch a movie of Ian McKellen as Magneto just sitting in a tree reading the phone book. Not many others would, though. The film will deal with Magneto’s Holocaust-era origins.