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The next Plants vs. Zombies: Garden Warfare game will be revealed at Microsoft’s E3 press conference next Monday, June 15 at 9:30 a.m. PDT / 12:30 p.m. PDT, PopCap Games announced. 

http://gematsu.com/2015/06/plants-vs-zombies-garden-warfare-sequel-revealed-microsoft-e3-press-conference

 

So, my guess is that the sequel is again a timed exclusive. Although a full exclusive is not out of the question, seeing how the delay really hurt its PS4 sales (so much that it was given away for free merely 2 months after release).

This is one exclusive I can live without, better this than something I am interested in. I never even bothered to download the first one.