An Iron Fist movie should be based on the original storyline of the comics, similar to SlimJ87D thoughts on a trilogy.
But instead of a trilogy, it should be all rolled into one movie. That's my thoughts. BTW, I did find an Iron Fist trailer that pretty good for a fan trailer... http://www.youtube.com/watch?v=2HMtVeSYjUA
The way Marvel's been going, thinking in terms of a trilogy doesn't make sense. They would most likely do a movie that is a standalone. If it's a success then it wouldn't be tough to do a sequel and so on. For the first movie, combining all three ideas would make much more compelling story. There are enough imaginative writers out there to come up with a plot that goes outside of the existing comics for any other sequels.
An Iron Fist movie doesn't seem like it's on Marvel's hot list anyways. I did find an Iron Fist fan trailer that kicks ass... http://www.youtube.com/watch?v=2HMtVeSYjUA
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