Got this, from of all places, Aint it cool news....
In addition to confirming for the first time that a third "Toy Story" is in the works, most likely for 2009 release, Lasseter said Lee Unkrich will helm it. Unkrich co-directed "Toy Story 2," "Monsters, Inc." and "Finding Nemo" but has never before been sole helmer on a Pixar pic…
Michael Arndt, Oscar-nominated scribe of "Little Miss Sunshine," is penning the script.
Lasseter also revealed a behind-the-scenes shift at Walt Disney Feature Animation -- which is separate from Pixar but also under the control of Lasseter and Catmull -- by announcing that Chris Williams, a vet story artist at the Mouse, is now directing 2008 release "American Dog." Pic was developed and previously under the control of "Lilo & Stitch" helmer Chris Sanders, who recently left Disney.
Catmull denied speculation that Walt Disney Feature Animation may become a 2-D-only studio, with Pixar handling CGI, though he did confirm the Mouse will bring back hand-drawn pics.
"We're really excited about that and have brought back some great directors to work on that," he said, presumably referring to "The Frog Princess," a 2-D pic being developed by "Aladdin" and "Treasure Planet" helmers Ron Clements and John Musker, whom Lasseter brought back to Disney last year. That pic is believed to be on the fast track and may be the division's next release after "American Dog."
...I am excited about 2D coming back to the house of mouse (but most of us have known that for a bit) and I'm interested in seeing Lee Unkrich on his own but I'm not sure about "An American Dog" without Chris Sanders. And, honestly, TS2's ending...well, I wasn't a huge fan of the ending but it felt like a pretty good period at the end of that story. No one wanted to see it done by Disney sans Pixar and I'm really not sure I want to see it done by Pixar at this point. Wasn't it just a couple years ago that Jobs said they had more than enough original content, what's the point of doing sequels?....well Mr Lasseter, what's the point?