According to EGM, Gear 3 is in development (duh) and is headed to the 360 in Fall of 2010. EGM: Gears of War 3 pegged for Fall, 2010 - Xbox 360 News - QJ.NET
I don't buy it. unless its a carbon copy of Gears 2 with a new storyline and more co-op players. Which is really just them extending horde into the campaign.
Gears 2 rocks....right up until the end. I didn't like the ending at all. I'm sure I'll be buying three, though.
but... that's so far away game developers need to work faster to counter my impatience And yes the ending was a little easy, although I kind of took it as a "to be continued..." rather than an end.
Two years is plenty of time to make a sequel... Especially when the story is pretty much written, and the engine is built tried and true.
I say it like that because I'm not the type to replay a game too much. My ADD wont let me. I'm not into Gear's MP too much so... Gears 2 is past tense to me.