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IP Man star Donnie Yen revealed a while back that he wasn't interested in returning to the role once more, which saddened myself and many others. However, apparently during a recent interview he revealed that while his schedule is booked until the end of 2012, after he's done exploring various other roles he "may consider shooting IP Man 3".
Obviously this is FAR from any sort of confirmation of it ever actually happening, but the fact that he's thinking about it is hopeful enough to possibly bring back the badass martial arts master to the screen once more. And it's safe to say that the third will likely focus on his teachings and relationship with his most popular student -- Bruce Lee.
http://twitchfilm.com/news/2011/10/d...s-ip-man-3.php