Superherohype.com is reporting that “Men In Black 3″ is in development. Sony President of Worldwide Distribution Rory Bruer announced Sony is hoping to go forward with plans for the third installment in the series about a hidden agency that monitors and polices aliens who secretly live amongst humanity on Earth. The film, which would hopefully be on either the 2010 or 2011 summer schedule, would follow up 1997′s “Men In Black” and 2002′s “Men In Black II”, both starring Will Smith and Tommy Lee Jones. The movies are loosely based on the Aircel/Malibu Comics/Marvel Comics title “Men In Black”, created by Lowell Cunningham and Sandy Carruthers. The Men in Black…