Though it was in doubt for a while, it looks like the sequel to Ghost Rider (2007) might be going ahead after all.
Mark Neveldine and Brian Taylor, the writer/director pair behind both Crank Movies are in Negotiations to direct "Ghost Rider - Spirit of Vengeance".
The sequel to the 2007 Ghost Rider Movie would most likely see Nicolas Cage returning as Johnny Blaze with a story by David Goyer.
For legal reasons, Columbia needs to begin shooting the sequel or risk losing the rights. Though there was some debate that that might preclude Cage from returning due to his National Treasure 3 commitments, director Jon Turteltaub recently stated that he believed both projects would happen.
Great News as far as I am concerned!