Yes, there will be an "AVATAR PART 2"

It should not be a surprise and it's extremely obvious that there is going to be a sequel to the ultra-popular & ultra successful AVATAR. As of January 6, 2010, respected film news analysts already has counted AVATAR as the number two highest grossing movie of all time (first being TITANIC which is also a James Cameron movie). News broke from the highly respected site Aintitcool.com revealing Cameron telling a Q&A crowd that there will be an AVATAR PART 2. Here is the letter presented by Aintitcool that reveals it:

"Hi Harry!

Don't know if this is newsworthy, but I just saw a Variety Screening Series showing of Avatar at the Arclight theater in Hollywood tonight, followed with a Q&A with James Cameron and two of his visual effects artists. One of the artists mentioned that they'll never again do this for the first time, meaning that everything they did in the making of Avatar was just a lot of instinctive grasping in the dark. Cameron agreed with him. He also told him to expect the studio to want another one, as they'd passed the billion $ mark. A second film will be easier, as the technology now exists, thanks to the movie. The moderator asked if there *would* be an Avatar sequel. To which Cameron answered that the plan had always been to make a trilogy of films. Finally, Cameron actually said it: "Yes, there'll be another."

As I said, I'm not sure how newsworthy this is, but thought I'd pass it on.

If you use this, please call me Marcel The Negro Projectionist"

source: Aintitcool.com