Upon Columbia's announcement that Men in Black III would hit 3D theaters in less than two years on May 25, 2012, we've learned a few things here and there.  Josh Brolin will play a younger version of Agent K.  Jemaine Clement (Flight of the Conchords) signed on as villain Yaz.  Will Smith will make 3D look good.  But the specifics were a bit murky... until now.

We've got what appears to be an early look at some of the plot details for the sequel; check them out after the jump if you don't mind potential spoilers.

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Here's a plot description via JoBlo:

"The general idea is that Yaz travels back in time to kill Kay, which sets off a chain of events that ends in the destruction of the world... The film has Agent Jay sent back in time to 1969 where he teams up with a young Kay to stop Yaz from destroying the world in the future."

The report says that the "how and why are pretty muddled," but that could very well be polished in the process from script to screen. In fact, some discrepancies make it sound like they have their hands on an early draft of Etan Cohen's script.  The article noted the following from the reading:

On the nature of the villain, Yaz...

Described as "a nightmare biker who looks like Dennis Hopper and Satan," the character as written is apparently not supposed to be funny.  Just menacing.  If that is the case, Clement seems an odd choice for the role.  The Kiwi is known for his daffy, mumbling musical comedy; it is difficult to picture him posing any sort of threat, though perhaps the casting will influence the character depiction.

On the younger version of Agent K...

At one point in the film, it is revealed that young K is 26 in 1969.  This is suitable enough since Jones, currently 63, would have been 23 that year.  Yet Brolin is currently 42, so... hmm.

On the time travel aspect...

Time travel appears to fuse well with the MIB universe.  Of course, given the light-hearted nature of the franchise, it's mostly played for laughs.  It turns out the Apple store is actually a "secret time-travel hub," and shaking the iPhone's clock app sends the user hurtling into the past.

On famous aliens...

Of course more celebrities will be revealed to have extraterrestrial origins, this time with a sixties angle.  JoBlo mentions Yoko Ono, Jimi Hendrix, Fidel Castro, Kareem Abdul-Jabbar, and Andy Warhol, who gets an extended scene.

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