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There are rumors popping up about this left and right.

On the one hand, I'm like, "Yay! Killzone!"

On the other, I'm worried that two years is too short a time in which to make a proper sequel.

Though Naughty Dog managed to pull it off with resounding success, but most studios aren't like Naughty Dog, and I'd much prefer something the level of Uncharted > Uncharted 2 than Modern Warfare > Modern Warfare 2.