Yes!!

LOS ANGELES (Hollywood Reporter) - An outbreak of sequelitis has hit Sony Pictures.
"Hollow Man 2," "Road House 2 -- Last Call" and "I Know What You Did Last Summer 3" are in various stages of development at the studio. It has not been determined whether the projects will be released theatrically or become direct-to-DVD releases.

..."Road House 2" centers on a graduate student who must run his uncle's bar and fight to maintain control as a local crime boss tries to take it over. Johnathon Schaech has an offer to star, and Scott Ziehl ("Cruel Intentions 3") is in negotiations to direct. An August shoot is being eyed.