The first three chapters of Shadowland can be read online at Alyson Noel's website! :)

Click here: http://alysonnoel.com/IMMORTALS/shadowland1.php

Got this information from Alyson Noel's blog and Twitter.

Shadowland, the third book in The Immortals, will officially be released on November 17, 2009. It will also be released in hardcover.

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Blue Moon may not be out yet, but it looks like we now know what the title will be for book 3 in the series. :D
The title is: Shadowland
And it seems the current release date is February 2010.

Info from Noel's blog.