Probably not any time soon unless they change directors (please don't)
He is supposed to be working on a bunch of different movies. But the guy who played Hellboy will be playing Frankenstein. And he berkata it will be an adventure film rather than a tragedy.
Announced projects: ----------------- Hobbit Frankenstein Dr. Jekyll & Mr.Hyde And then some other book based movies.
Yes, there will be a third Hellboy movie. It's coming out in 2012. It is coming out in 2012 because the creator wants there to be a pattern- 2004, 2008, and now 2012. Get it?
I heard them commenting on this in an artikel from comic con in San Diego. Both Del Toro and Pearlman berkata they are up for it, but Del Toro has such a full plate that he doesn't know when he'll be able to get to it. He went on to say that there are a lot of loose ends that he needs to tie up from the first and saat movies. Here's hoping that it's sooner rather than later.