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BradleyJ said:
 

All three of the sequels are being made at the same time, similar to how Lord of the Rings was filmed. We will see all three movies released.

And I wouldn't underestimate Cameron if I were you. I find it unreasonable to expect that any of the sequels could match the success of the original, but Cameron is a damn fine director and he is able to create very popular and entertaining movies. Unless Avatar 2 is terrible (it won't be because, again, Cameron) all three will comfortably pass $1B worldwide.

personally I believe you are massively overestimating Cameron, he hasn't made anything of quality since before the turn of the century. Avatar was a terrible movie that was a smash hit due to outstanding 3D effects for the time. unless he has found a new gimic for the sequels I can't see any of them being massive successes.