But now we have some REAL news, courtesy of Dread Central. After a screening of [REC]2, Balaguero apparently informed them that he and Plaza will indeed be directing the third installment in the popular cinema verite series. This, of course, does not mean the film has begun filming. Balaguero is currently working on another film, but has several ideas concerning a plot for the third film.
Whatever the plot may be, with Balaguero and Plaza behind the camera it's pretty much guaranteed it will be an amazing movie.