The last little indie film that Jon Favreau directed was 2001s Made, which I thought was fantastic. After that, he went on to direct bigger budget films such as Zathura, Iron Man, and Cowboys and Aliens, which was the last movie he directed. Since then, he was attached to develop Disney's Magic Kingdom, and an adaptation of the musical Jersey Boys. Not sure what's really going on with those movies right now, but Variety is reporting that Favreau is going back to his indie roots and is looking to write, direct and star in a new indie comedy called Chef.
Details on the film's plot are slim, but according to the report the story will be set in a Los Angeles-based restaurant run by an emotional chef who will be played by Favreau. As a fan of Favreau's work, I'm looking forward to seeing what he has planned for this new indie film, I hope he's able to make this movie!