Black Eyed Peas frontman will.i.am says that James Cameron will be directing the pop band's 3D tour movie.  Talking to Vibe [via /Film], Mr. i.am says

"We have the biggest director because we are the biggest group on the planet. The Peas are filming it in South America. People will be able to see us in the theater with the 3-D glasses and everything."

After you stop laughing at the whole "biggest group on the planet" thing, hit the jump for more of will.i.am's hype.

UPDATE: Producer Jon Landau's son told CHUD this story isn't true.

will.i.am had even more fun/hilarious things to say, including this gem:

"There will be a storyline that [Cameron] came up with, which will be dope.  It’s a full-length film and it's based around our tour activities. We’ve toured from America and Europe, to the Middle East, South America, Asia and Africa. It’s not like we go, 'Yo, we are international, you know what I’m saying? London and Paris!' Nah, that’s just two cities. We want to go across the planet."

I would be very curious to see where this lands on Cameron's list of priorities, which includes Avatar 2, directing a segment in the Heavy Metal remake, doing a 3D conversion on Titanic, producing a remake of Fantastic Voyage, and building a 3D camera for the next Mars mission.  But yes, I'm sure Cameron will drop everything for "the biggest group on the planet."