Oh Please Be True
Monsters, Inc. was a huge hit for Pixar and Pete Doctor has been getting asked for a year now about a possible sequel. He's always skirted the question, but fans would love to see more adventures with Sully and Mike.
A very reliable source says that Monsters, Inc. 2 IS in the production pipeline with a tentative release sometime in 2012-2013. Pixar is going sequel crazy with Toy Story 3 this year, Cars 2 in 2011, and Monsters, Inc. 2 hopefully hitting 2012, but an actual release date is a long way off so I'm just speculating.
No word on if Pete Docter is going to be involved as a director or co-director on the project.
Like most studios when things are announced before they're ready to announce them, Disney/Pixar will probably deny it up and down (along with the websites who have nothing better to do than try and debunk our scoops). But from what I've been told, Monsters Inc. 2 is a go. The source is a very credible one in the Pixar know, so this is great news for Monsters, Inc. fans.
Now where is that Incredibles sequel?
SOURCE