GREETING WARLORDS!
http://www.infinite-interactive.com/forum/showthread.php?223-What-should-I2-make-next&p=890#post890
from 
Elemental Forums
Elemental Forums
I2 is back and after the puzzle quest game they are currently making (which is almost finished) they will decide to make either Warlords 5 or Warlords Battlecry 4-see the poll in the link.
it is also very likely that Age of Wonders 3 is going to be announced and perhaps released in 2013.
