Magneto spin-off still in the works

I am sure most of us know that we will soon get a chance to see Wolverine hack and slash his way onto the big screen next year. But another X-Men "spin-off" film was announced at the same time as the Wolverine project was. X-Men Origins: Magneto was to tell the tale of young Eric Magnus Lehnsherr, the man who would grow up to become a super villain and nemesis to the X-Men, Magneto. While we have had plenty of news coming from the Wolverine origin film, it has been silent on the Magneto front. So whats going on with Magneto?

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