Pixar Working on a 'Monsters, Inc.' Sequel

I talked to Up director Pete Docter about a month ago and asked him specifically about a Monsters, Inc. sequel. It had been rumored a few weeks prior, so I thought I'd see if I could pin him down on it. The answer was pretty vague: "Basically, the way we approach all the films at Pixar is if we feel like we come upon a story worth telling, we'll do it. If we don't, we won't. So, we're still looking." But now Pixar has announced we will see a sequel to Monsters, Inc., and that Docter will be the back in the saddle. The studio didn't issue a press release, but rather made its intentions known at the recent Licensing International Expo, and "several" attendees notified Disney-centric blogger Jim Hill that they were thrilled to hear the news. One small problem: Those in attendance were sworn to secrecy. Why is that an issue? Clearly, they didn't keep it a secret. That tells me that Pixar will probably be less forthcoming about future details concerning the project, which you can probably bet has been brewing for a while. The film would join Cars 2 and the Toy Story sequels as the only Pixar films so far to get follow-ups. It's strange to me that Finding Nemo did not/has not produced a sequel, since it's the studio's biggest hit. And if that were to happen someday, it would be at least four or five years off.