The men in black are back. Sony confirmed today that development on the third installment of the lucrative franchise is under way. Original stars Will Smith and Tommy Lee Jones will return under the Direction of Barry Sonnenfield, the man behind the first two blockbusters. Sony hopes to have this in theaters by Memorial day weekend 2011, a slot that was previously staked out for the now defunct ‘Spiderman 4’. There has been talk that this 3rd go around may also be in 3D. Either way expect big box office grosses. Here come the men in black, again.