It’s actually coming after all, even though the sequel, Yakuza 4, has already been announced for Japan (I think). Copy paste from the US PlayStation blog:
After months upon months of requests, a myriad of rumors, and even full campaigns that speak to the unparalleled dedication of the fans, we can finally speak those words that all of you have been waiting anxiously to hear. So, here they are:
Yakuza 3 is coming West.
Featuring the original all-star Japanese voice cast and subtitled in English, Yakuza 3 chronicles the next steps in the life of the man once known as the Dragon of Dojima ? Kiryu Kazuma. As Kiryu works to begin a new life running an orphanage in Okinawa, the world he left behind in Tokyo also moves quickly. When the chairman of the Tojo clan is shot and the rivalry between the families plunges the city into chaos, even Okinawa is not far enough away to escape the grasp of the mysterious forces pulling the strings.
Then, when one of Kiryu?s close friends in Okinawa is found with multiple gunshot wounds to the chest, things take a new turn for the worse. Driven to protect his friends, the Dragon is alive again ? Kiryu returns to the dark city of Kamurocho, and will stop at nothing to find those responsible and give them his own taste of justice.
Releasing March 2010, the epic Yakuza saga continues, exclusively on the PlayStation 3.
Last but not least, we?d like to give special thanks to you guys, the Yakuza fans! Your passion and dedication has helped make this a reality, and we?d like to extend that thanks by letting you submit questions to the Yakuza 3 development team in Japan! To do so, just put Dev Question before typing your question here in the comments.
Until next time ? we?ll have lots more news and in-depth looks at what Yakuza 3 has to offer very soon. Spread the word ? Yakuza 3 is coming!