No, I'm willing to bet it's not gonna happen. The movie may have made money, but the reviews were so damaging that the whole world will probably boycott the sequel. Also the actors are young, especially Noah Ringer, and a franchise starring kid actors needs to be constantly in production so that the actors don't grow up too fast. It's been a year since the last movie and there's been no news, so I'm pretty certain the sequel is not happening.

No, the flaws were in the writing, direction, and entire approach to adapting the source material.

One year already still notchet greenlight. I think Paramount is embarrassed about it and just wants to forget it ever happened.