Capcom announced today on Xbox Live the sequel to Lost Planet 2
No date set or anything like that, but the announcement includes quite a bit of, what seems to be, in-game footage, and it uses Capcoms in-house game engine TM Framework 2
The skinny so far is the planet E.D.N that you were on in Lost Planet had basically thawed, leaving a different environment in its wake.
Im kinda excited about this game. I thought the first one was a nice change of pace from what was available at the time. Im just hoping that the gameplay mechanics stays the same in the sequel, because thats what drew me in on the first one.
XI Wiki


