More like it's a deadpool reboot. Completely indepenadant from his....... unusual character in the wolverine movie. we can even atribute the fight at the end of the movie to wolverine's faulty memory. it never happened, he simply imagined it.
IF they retell his origin that is.
Deadpool's got his own "rogues gallery" not to mention, he pops in and out of other comics. He's even a "member" of the X-men, though they deny it. So Sabertooth shwoing up, wile not likely, is a possability.
granted, he does double cross them to hep cable later one, but once an x-man, allways an X-man.
shot of his X-mem uniform.
and another.
and like so many members of the X-men, he's worn more than one uniform,. his other costume