In news that could have been predicted, Paramount Pictures has announced that they will be making a Paranormal Activity 3 and have set the release date for October 2011. Paranormal Activity 2 was only released in late-October but has already made $157 million worldwide on a production budget of just $3 million (it will be a lot more if you include marketing costs, but it will have still made 15x its budget so that doesn’t matter.)
The Saw franchise may have ended (so were told, anyway) but Paramount will be more than happy to replace it with sequel after sequel of Paranormal Activity. They are practically printing money, so it would be naive of us to think they will finish after a trilogy.
No director or writers are attached at the moment, but with less than a year to go Paramount will be getting a team together, possibly the same guys who made Paranormal Activity 2.