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Take what you will from this, but Hollywood website Collider.com is reporting from some “reliable sources” that a screenwriter has been hired by Paramount to begin work on a G.I. Joe movie sequel and that production is actively moving forward on the follow up to G.I. Joe: The Rise of Cobra.
While many fans will bemoan this event, I think this is a good thing, and I wouldn’t be at all surprised if the G.I. Joe movie universe was “reconceived” a little bit for the sequel, perhaps for the better.  Time will tell, but it’s good to at least hear some information about it, however vague it might be.
Thanks to Mercer of JoeBattleLines for the intel.