Well, the sequel to the original animated show, anyway, not the M. Night Shyamalan live-action version. The studio is still waiting to see if that movie makes enough money by the time it finishes up its theatrical run to justify a sequel or two.
Meanwhile, Nickelodeon, the cable net that launched the show in the first place, is planning a new series based on the “Airbender” mythology, going under the working title of “The Legend of Korra”, for a 2011 bow as an all-new series.
“Korra” will be produced by Michael DiMartino and Bryan Konietzko, the same guys who did the original “Avatar: The Last Airbender” (before it lost the “Avatar” part for the movie version) for three seasons on Nickelodeon, and will follow a teenage girl avatar named Korra, who is described as “hotheaded, independent and ready to take on the world.” The new series will take place 70 years after the events of the first “Avatar”.
In the show, Korra’s quest will eventually leads her to Republic City, “the epicenter of the world of “Avatar.” A metropolis powered by steampunk-type technology, the city is inhabited by people from all nations. Korra finds that Republic City suffers from rampant crime and is also dealing with an anti-bender revolt. Korra is tutored by Aang’s son, Tenzin, is the ways of airbending.”
Look for it in 2011 on Nickelodeon.