We get an update on the Deadpool movie from X-Men producer Lauren Shuler Donner in the following video.
Donner is asked if a Deadpool movie is still happening where she says she thinks it will. Donner offers they are not sure what rating Deadpool will be. If it's a small budget movie it could be rated-R, but if it has a bigger budget film more than likely it will be rated PG-13. Donner is also asked about the status of Ryan Reynolds to which she says Reynolds is still attached to Deadpool and that she can't see anybody else playing the character.
She also says to forget about X3 and the first Wolverine.