...and the wait continues. Wong Kar-Wai's "The Grandmaster" continues to build with all the mystery and delays of a Terrence Malick-worthy production. Not much has been seen of the film save for a few stills and a recently released teaser trailer (that is almost identical to one we saw last year). And as we figured, any chances of the movie showing up at Cannes are a pipe dream.

In December, Yu Dong, CEO of Chinese film distributor Bona Film, told Film Business Asia that "The Grandmaster" -- at one time tentatively slated to hit theaters at the end of 2011 -- "will be released some time between next summer and Christmas 2012." But it looks like the tail end of that date has become the best case scenario. Bona Film recently released their 2011 data and results to investors, and as they laid out their projections for earnings in 2012, business site Benziga notes that there has been a "reshuffle" of release dates for their top tier films: " 'The Grandmaster' from Wong Kar-Wai and 'Once Upon a Time in Shanghai' starring Chow Yun-fat were pushed back to Dec '12, with some originally planned titles to be delayed into 2013."

It should be noted that the film is currently without a U.S. distributor, with Annapurna Pictures holding the rights but having yet to strike a deal for someone to partner with them to get the movie into theaters. So at this point, you can pretty much take "The Grandmaster" out of your plans for 2012, barring some kind of festival appearance this fall (at the earliest). But even then, that would be contingent on WKW having his film completely finished months ahead of the movie's Chinese release date, which seems fairly unlikely given his tendency to keep fine tuning until the last moment. Also, pretty much every WKW film to date has opened overseas before landing in the United States, so it's likely we're not seeing this until 2013.

It was only a few years ago as action star Donnie Yen was promting the 2013 cop thriller, Special ID, while pitching the idea of possibly casting former boxer Mike Tyson in a hopeful sequel at the time. You least expected that sort of thing would happen even as Tyson himself was bolstering his own acting career in TV and film, namely with Todd Phillips in the first two Hangover movies, and an appearance in Jean-Marc Mineo's Gates Of The Sun to name a few.

Alas, consider yourself surprised (or not) at the notion that Yen would finally be getting his wish featuring the former world heavyweight champion in the forthcoming production of Ip Man 3D, according to THR. Filming has begun today in Shanghai with Pegasus Motion Pictures and producer Raymond Wong behind the new film which will see Tyson in the role of a property developer as well as a street fighter, therein partaking in the cinematic universe via screenwriter Edmond Wong's script which will principally center on the title character's relationship to his most famous student, Bruce Lee.

THR also reports that the performer portraying Lee will undergo computer-generated enhancements since the production couldn't find an actor able enough to duplicate Lee's on-screen intensity - a lesson long learned since the days of Bruceploitation no doubt, but we're bound to see how this one will hold up, for better or worse.

The first film in 2008 was a critical and commercial hit, a fourth in line of films between Yen and director Wilson Yip leading to a fifth with actor and martial arts legend Darren Shahlavi long prior to his passing earlier this year. There have been other iterations of the character, including Tony Leung's performance in the elongated production of Wong Kar-Wai's The Grandmaster, as well as Herman Yau's television series with actor Dennis To and actor Anthony Wong's most recent role in Yau's Ip Man: The Final Fight with actor Eric Tsang. Production on a third with Yen initially saw a series of stops and starts in the last several while Yen kept things moving with other titles, including the two part remake, Iceman 3D which is still pending the release of its second part.

Other titles with Yen are stil pending, including his long-awaited Hollywood debut, Noodle Man. At any rate though, Ip Man 3D is finally happening, so no more speculation...except for all the fanboys now in an uproar over who would beat Ip Man (or Yen) in a fair fight.