By the title of this post you can safely infer two things:
1) I saw Iron Man 3.
2) It was a steaming pile of crap.
I would say I don't want to spoil the movie for everyone, but really, Marvel has already taken care of that for me. I do not know how this movie got any good reviews. It was horrible. Such a shame too, cause the movie had some real potential. The best part to me was Ben Kingsley's performance as the Mandarin... while it lasted. As a matter of fact, I think Ben Kingsley's performance as the Mandarin is really all you need to know about the movie.
Without giving too much away about the movie, allow me the following rant;
So for the first 30 or 40 minutes I thought they were doing a great job with the Mandarin. I was able to look past the fact that he wasn't actually Chinese, if only because I really like Ben Kingsley as an actor. Everything else was on point though. The costume was cool and they got the facial hair down. He had this real menacing way of talking and struck the perfect mix of evil and regal at the same time. At one point I remember thinking to myself, "wow, this may be the best villian I've seen since Heath Ledger's joker!" He was that good!

Act up, and he will smack you with his pimp rings!
Then about halfway through the movie things started to change. There was way more Guy Pearce and way less Kingsley. The Mandarin literally didn't do shit in the movie for a solid hour. This is also because this movie really should have been called Robert Downey Jr 3. I swear, this dude spent about twenty minutes total in the Iron Man suit. GYWNETH PALTROW SPENT MORE TIME IN THE IRON MAN SUIT!!! We get it already! Tony Stark is a genius and Robert Downey Jr is a world class smart ass. MOVE ON WITH THE STORY!!!

In fairness, he is a world class smart ass. Take a look at this mugshot!
Getting back to the Mandarin, about halfway through the movie, you started to get the feeling that something was about to go horribly wrong. The movie had not been especially good to that point, but there was still hope that things were building to an incredible finish. Then that is when things really started to unravel. Robert Downey Jr literally ditches the Iron Man suit in some kid's shed in Tennessee, goes shopping at Home Depot for supplies, then shows up at the Mandarin's cliche druglord mansion in Miami. Yes, Miami as in South Florida Miami. They even make fun of this in the movie!
Next up, armed with his Home Depot arsenal, Robert Downey Jr is able to single handedly infiltrate the Mandarin's complex, dodging multiple rent-a-thugs and hookers along the way, and hunt down the Mandarin. Keep in mind, Home Depot RDJ was able to do this even after the FBI, CIA, and the Iron Patriot (Don Cheadle's ridiculous red, white, and blue War Machine outfit) could not.

In retrospect, I probably should have taken this as a warning sign.
Once inside Scarface's... errr, the Mandarin's MTV style crib, RDJ makes past various leapord skin and gold plated decor into the Mandarin's lair. (His King sized master bedroom, complete with walk in closet and master bath.) After kicking two bitches out of the bed, RDJ comes face to face with the villain himself! Out pops the Mandarin, and the epic showdown is set...
...EXCEPT THERE'S A TWIST! (M. Night Shyamalan style.)
The man we think is the Mandarin is really not the Mandarin. Turns out the whole time we were all cowering in fear, instead of being the maniacally evil and all powerful Mandarin, Ben Kingsley was instead revealed to be Guru Tugginmapudha (Kingsley's character in the classic Mike Meyers film, The Love Guru). You think I'm joking right now, but I really am not. I wish I was joking. I wished at the time that the people in the movie were joking. I kept waiting for Ashton Kutcher to come out at some point (Are Ashton Kutcher Punk'd jokes still relevant?), but it never happened.

BEWARE THE MANDARIN!!!
Needless to say, at this point the movie was fucked. If you are asking why I didn't just walk out of the theater at that point, it is a fair question. I really should have. My heart just wasn't in it anymore after that. They could have had all the Avengers and X-Men make cameos and I wouldn't have even cared. I would have still been shaking my head wondering why the hell they would do that to the poor Mandarin. Such a good character, played by such a good actor and you fucking make him into a gag? YOU GOTTA BE KIDDING ME MARVEL!!!!!!!!!!!!
Just for effect here are some more exclamation points:
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Going in to a "blockbuster" movie such as this, I am always a little bit prepared for disappointment. This is especially true if it's a sequel. But the level of disappointment I felt when I left this movie is almost too great to describe. I didn't even bother to stay till after the credits, even though I knew there would be something after. I just knew it would be pointless and stupid, whatever it was. I've since confirmed with friends that it was. There is a special category I've created for sequels that fall so mind numbingly flat as this one did. There are bad sequels (X-Men 3, A Good Day to Die Hard), there are shit sequels (Hangover 2, The Friday after Next), and then there are the category of sequels that I like to call the "Never Happened" sequels. Here is a quick list:
"NEVER HAPPENED" SEQUELS
Indiana Jones: Kingdom of the Crystal Skull
Jurassic Park 3
Fast and the Furious: Tokyo Drift
Rocky 5
Jaws 3
Bill and Ted's Bogus Journey
and now, thanks to the complete anal butt raping (I actually did reference it in this post) of the Mandarin, Iron Man 3 "Never Happened".