Wow, I didn't even realize it had been announced. I loved the hell out of the first one, played through with all four characters and maxed them all out.
However, it does look like it's over a year away, and these are the same jokers who recently put out Duke Nukem Forever, so I won't get excited yet.
BTW, anyone here play Monster Hunter at all? There's one on the PSP (Monster Hunter Freedom Unite, that's the one I have), and one on the Wii (Monster Hunter Tri, my brother has that one). Amazing friggin' game. Fans of Demons' Souls or Shadow of the Colossus would probably dig it.