Up and Monsters, Inc. director Pete Docter, through a "non-denial denial", hinted to MTV News recently that a sequel to Monsters, Inc. is being planned, writes Shawn Adler of the MTV Movies Blog (who consistently misspells Docter's last name as Doctor).
He says: "When I followed up with Doctor about [the ideas for a sequel being considered] all he would say is "I can neither confirm nor deny". (And he did it in a nervous voice)."
Adler believes that "Doctor’s revelation... is a far cry from an actual announcement", or confirmation. Yeah, that's what people said back in February when Disney CEO Bob Iger said that it was "a relatively good bet" that there would be a Cars sequel. The film was officially announced to be in production exactly 2 months and 2 days after Iger made his comments.
So now it's "a relatively good bet" that there will at some point be a Monsters, Inc. 2 (Yay!). The big question should be when and who'll be directing. If it's Docter himself, then the film could be out no earlier than 2014/15. If it's another director (and Pixar seems to be more comfortable with switching directors these days) then possibly even earlier than that.