Wow. I cannot say I ever expected to see this appear, but I am happy to see it, although it does not look to be as much fun as the first. Man with the Iron Fists was a lot of fun and despite being a dud at the box office has apparently found its fan base. It was a movie the was directed by, written by, and starring RZA, who clearly did his martial arts homework with how everything was depicted (the guy knows his kung fu movies). This second film RZA on the screen and as co-writer, directing duties have been handed to Roel Reine (Death Race 2/3, 12 Rounds 2).
I did not even know this was in the works, but here is the trailer! It appears to be going straight to video and certainly looks like it has had a drop in the budget. The big name Hollywood cast is gone, but they do add Cary Tagawa (who doesn't love that guy? Seriously, I am a fan). Among the returning cast members are Rick Yune, Zhu Zhu, Andrew Lin and Grace Huang.