Tough news, David Goyer:
your Magneto origin movie is dead in the water. So says Bryan Singer,
who talked to the Hollywood Reporter’s Heat Vision blog about signing on to X-Men: First Class (so
glad the internet changed things! Now Bryan Singer can avoid the trades
when speaking to the fans and speak directly to the trades’ fake
fansite blogs!). See, First Class is
basically the X-Men origin story, as well as the story of the
friendship – and falling out – of young(er) Xavier and Magneto.
According to Singer:

story would probably utilize some of the Magneto [movie] story because
it deals with a young Magneto, so it might supersede that because this
would explore that relationship between a young energetic professor and
a disenfranchised victim of the Holocaust.

What the Heat Vision blog failed to ask Singer is why the fuck are all X-Men movies now prequels? It isn’t like the Earth was exploded in X3;
we can follow new adventures of these characters without becoming
hopelessly trapped in the past. I just want someone to go on the record
saying the actors all cost too much now, since that’s the only
reasonable answer to why the X-Men franchise is stuck in reverse.

Meanwhile, Singer says that barring unforseen development circumstances his Jack the Giant Killer movie will be next, so I wouldn’t expect X-Men: First Class for at least three years.