Yesterday, via their You Tube channel, Marvel UK released the first full length trailer for the upcoming Iron Man 3. In the newest installment, Tony Stark will face off with a new villain, The Mandarin, who wants to destroy Tony, his loved ones and his company. After everything is destroyed, Stark must dig deep and use not only his instincts, but his intelligence, to save everything. Also, it appears his new suit gets a nice, new bad ass paint job.
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It says April 2013 for the release date, but that is for the UK only. For the US release, IMDB lists it being released the first week of May.