Coming soon in 2009.
The film is set seventeen years before the first X-Men and will center on Wolverine's early encounters with Sabretooth, William Stryker and the Weapon X program as well as Vietnam War flashbacks and a love interest for Wolverine.
The director is Gavin Hood, a fresh director with only one hollywood film (Rendition, now showing in cinemas) under his belt. his most notably achievement is winning an oscar for Best Foreign Language Film in 2006.
Hugh Jackman will once again reprise his role as Wolverine. he is also the producer and is being paid $20 million for the film.
I read somewhere there's an upcoming one on Magneto as well