In a financial report issued today, Activision formally acknowledged the existence of Tony Hawk's Underground 2 for the first time. With the strong sales of the original Underground, a sequel was only a matter of time. Underground 2 should be released within the current fiscal year, which ends in March 2005. Regrettably, no other details are known. Activision is expected to formally announce the title next week at E3, so check back then for further details.