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It's official. Iron Man hits the big screen in May of 2008:

Paramount Pictures and Marvel Entertainment will kick off the 2008 summer movie-going season on May 2nd with Iron Man, the first motion picture to be produced by Marvel under its alliance with Paramount, it was announced today by Rob Moore, President, Worldwide Marketing, Distribution, and Operations, Paramount Pictures; Michael Helfant, President and COO, Marvel Studios; and Kevin Feige, president of production for Marvel Studios. Marvel Studios is a subsidiary of Marvel Entertainment, Inc. (NYSE: MVL). Jon Favreau will direct the film, based on Marvel's best-selling Iron Man comic book character.

The Iron Man film will be produced by Avi Arad, creative advisor to Marvel Studios, and Kevin Feige. Executive Producers are Ari Arad, Mr. Favreau and Louis D'Esposito. This project, the first feature film to be produced independently by Marvel Entertainment, is expected to be financed through Marvel's $525 million revolving film financing facility and distributed under Marvel's overall distribution arrangement with Paramount. Iron Man will mark the first production under Mr. Arad's newly launched production company, Avi Arad Productions.

Let's just hope they leave the not-so-hidden political agendas to the current Civil War comic series.