There are plenty of loyal Just Cause fans out there, and all of them are clamoring for a third installment.
The good news is that Xbox World Magazine says Just Cause 2 developer Avalanche is currently working on something, and it's set to launch in 2012. The bad news is that we don't actually see the name, "Just Cause 3."
I mean, we can always assume, but you know what happens when we do that… Although JC2 managed to sell around 1.5 million copies worldwide, the game didn't sell quite as well as publisher Square Enix had anticipated. Furthermore, let's not forget the large gap between the first and second titles in this series; if history is any indication, the third entry could be a ways off. Then again, if Avalanche immediately started cranking on JC3 after JC2 released, that 2012 release date is hardly impossible.
As far as sandbox games go, Just Cause always offers an interesting, over-the-top experience. I've always thought the wonky mechanics needed to be greatly refined, but those who loved JC2 found a way to ignore that.