I tried to do a forum search and it came up with so many fallout threads that i couldn't find anything, but I just recently discovered that there is supposedly a Baldurs Gate 3 in the works.
http://en.wikipedia.org/wiki/Baldur's_Gate_series
http://pc.ign.com/articles/504/504160p1.html
Baldur's Gate III: The Black Hound (code named Jefferson and FR6) was mentioned in early 2001 as a new game in the Baldur's Gate series to be made by Black Isle Studios using a completely new 3D engine.
BG3 was originally going to be a departure from the high-powered epic of the Bhaalspawn saga to a low-key, roleplaying plot. With protagonists progressing to around level four at the end of BIS' typically enormous campaign and a hard cap at level eight, gameplay was refocussed to a flat and wide adventure emphasizing quests over combat. In fact, the game was only titled "Baldur's Gate" due to Interplay having lost the general D&D license to Atari, but still retaining the right to make Baldur's Gate branded D&D games (the same reason as for BGDA's title.)
Unfortunately, the game appeared to be cancelled in 2003, just before its engine was repurposed for Black Isle's ill-fated Van Buren Fallout 3 project. The Black Hound is currently under development as a module for the recently-released Neverwinter Nights 2 computer game, being developed by Josh Sawyer, one of the designers of the cancelled game.
However, in April of 2004 IGN released information that a Baldur's Gate III is in the works. Any other information has, for now, not been released. According to some software distributors, the tentative release year is 2007, although there is no solid evidence as to whether or not the game is actually in development.
http://en.wikipedia.org/wiki/Baldur's_Gate_series
April 3, 2004 - While we reported that Baldur's Gate III is no longer being developed by Black Isle and published by Interplay in our recent Missing in Action: The Lost Games of the PC, Part 1 feature, it looks like the third installment of the popular RPG series is still in the works and will be published by Atari.
In a recent post on the Atari message boards, an Atari representative confirmed that Baldur's Gate III and Neverwinter Nights II were indeed in development, and that the games would be published by Atari.
In a post stating that "All Atari's game are crap.," an Atari representative replied with the following post:
All crap...? You either need to expand your sample size or refine your expectations. Here are some fantastic recent Atari titles:
Godzilla: DAMM
APEX
Battle Engine Aquila
DBZ
D&D Heroes
Civ 3
Rollercoaster Tycoon
NWN
Unreal Tournament
Unreal Championship
Huge titles on the horizon:
RCT3
NWN2
BG3
Forgotten Realms: Demon Stone
Driver 3
And, several others.
There's good and bad with any publisher folks. We've got more good than bad although at times it can be hard to see when you're particularly frustrated with a single title or recent experience. It's the same with every publisher in the business...we're not in the business to stick it to consumers we just miss the mark on some titles.
Although no concrete developer information has been announced as of yet, since the original BioWare-developed Neverwinter Nights was published by Atari, we assume that they will return to work with Atari again on the sequel. We can only hope that the Canadian RPG masters are working on Baldur's Gate III as well as the previous Baldur's Gate titles were developed by BioWare, but again, no solid developer information has been given for either title.
While the post was made on April 1st, a day known for an abundance of gags and pranks, the representative asserts that the post is "No April Fool's Joke. We've got dozens of titles in all stages of development. We're currently talking with several top developers about creating the next generation of our strongest D&D RPGs. This really shouldn't be a surprise...lots of RPG goodness in the future from Atari," and that "Atari is the sole licensor of all D&D interactive properties. We could bring back Gold Box games if we were so inclined...and maybe we are... Man, I loved those adventures. My purpose here is simply to make sure you all understand that we're well aware of the importance and popularity of the franchise (meaning D&D ) to most of you. We've got some fantastic titles in our catalog and we are absolutely planning to do something with them. The whos, whats, wheres and hows...well, that's what we'll be saving for a full-fledged announcement."
We'll have more on these two Dungeons & Dragons sequels as we hear it.
http://pc.ign.com/articles/504/504160p1.html