"The Wolverine" bone claws?

Bone calws??? If you haven't seen "X-Men Origins: Wolverine" then watch it NOW, it's such a great film well kind of. I loved it but I do love Wolverine and Hugh Jackman so I enjoyed it a lot, you really get a good look into the history of Wolverine. Check out this image that was released by Entertainment Weekly.

This isn't the first official picture released from the upcoming film, there was a picture released a few weeks ago that showed Wolverine with metal claws. So when on earth does this film take place chronologically? Will he have bone claws or metal claws? Does this take place after Victors death? Will Liev Schreiber return?