oscar_merkx
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http://moviesblog.mtv.com/2010/08/07/avatar-sequel-update-james-cameron/
Presumably, once the novel is nailed down, work will begin in earnest on getting the sequel going.
In fact, Cameron hints that the final two films in the planned trilogy could be lumped together into a single mega-production.
"We're actually talking about that. That's not a decision yet," he said. "That is something that makes a lot of sense, given the nature of these productions, because we can bank all the [motion] capture and then go back and do cameras over a period of time."
There's also Cameron's insane schedule beyond the "Avatar" films.
He's got any number of possible projects lined up, stories he's spoken before about wanting to tell, and locking into not one but two multi-year "Avatar" productions will undoubtedly set any other plans back.
Fold both movies into one slightly longer production process, however, and it's a more economical use of that time.