Saw and Saw II producer Gregg Hoffman has confirmed at House of Jigsaw that there will be a Saw III. The sequel has already earned over $60 million in two weeks and cost only $4 million to make. Hoffman said:

1) RELAX!!!! We just finished SAW II. Yes, there's going to be a SAW III, and yes, we will do our best not to ****** it up. We're going to try for next year, but if it's not right when we'd have to start shooting, we'll wait.

2) There are NO CONFIRMED cast members for SAW III yet.

3) There is no director confirmed yet.

4) The title is not S3W. That's ridiculous. It reminds me of when everyone thought the title of SAW II was SAW II: HACKSAW.

Meanwhile, Lions Gate Films, distributor of the films, has already registered Saw3.com, which currently takes you to the studio's official site.

Source:Comingsoon.net

No surprise here at all.

I saw this coming the whole time.

They better

Hope both II and III deserve being watched. The first one was awesome!
(I haven't watched SAW II yet)

ohhh :D , shocked but love it ! cant wait for da 3rd one now

cant wait

Obviously.

Talk about cashing in :)
I liked the first one, haven't seen the second one yet but people are saying it's good.