No, Jet Li said he would do no more pure Wu Shu Martial Arts movies - big difference from action movies.
As for Statham, he's competent but no match for Jet, as we saw in The One. I just hope he doesn't have to adopt another crappy American accent for this film.
Probably. Who knows? Note I said "pure wu shu martial arts" films. In other words, I took that to mean he won't be making any more films like Fearless, Once Upon A Time In China, Fong Sai Yuk, etc and do more action style films akin to Die Hard or his reent Hollywood output like Romeo Must Die or The One. If he does fight it won't be for the entire film rather just for the big climax of the story.
BTW - why haven't you commented on the trailer in the Iron Man thread?