When asked about the status of the rumored solo Magneto project, producer Lauren Shuler Donner told CraveOnline that the project is not expected anytime soon and that elements from it have mostly been incorporated into X-Men: First Class:
No. You know, there’s internal discussions but probably not. It kind of got incorporated into this one, a lot of it.
Donner also revealed that the elements that survived David Goyer’s Magneto script include the character’s history and “Stuff from the Marvel/Magneto history.”
X-Men: First Class is scheduled to hit theaters on June 3, 2011.