There were rumors that we might see Just Cause 3 in 2012. It was just a rumor after all as Avalanche has told Eurogamer that they are not planning to release Just Cause 3 or any other game in 2012. There goes your excitement:
It’s just a rumour and we’re not releasing any game in 2012
They are working on a couple of projects but Just Cause 3 is not one of them. Games under development are expected to be released in 2013. This by no means show that there won’t be any other installment in Just Cause series.
Just Cause 2 got a descent response and considering the number of sequels we have for famous franchises these days, I don’t find any reason for “No more Just Cause”.