If there's one thing guaranteed even before Avatar hits theaters, it's that 20th Century Fox spent a ton of money investing in Cameron's new technology and they're not going to let it go to waste. What that means is there's a very good chance we'll be seeing more Avatar movies (specifically two additional sequels), if only because the legwork is done -- the intricate world of Pandora has now been created -- and so now all Cameron and Co. need to do is focus on the kind of story that might give Avatar a shot at landing high on a list of the greatest trilogies of all time.
Speaking to press in London, Cameron fully admitted that he's already got plans for two more sequels should Fox want to pull the trigger on them (which they should, because I feel audiences will devour this sucker). Says Cameron (on his pitch to the studio): "So in terms of the pitch it was: OK, you've spent a lot of money on the first one; on the second one we'll be able to amortize it and focus on the story and all that ... and they bought that." If there's one piece of Avatar that people will criticize, it will be the somewhat weak, cliched story -- and so knowing that story will be the main focus of any sequels is definitely a good thing.
Aside from Avatar sequels, Cameron will also be producing -- and subsequently applying his new technology -- to a remake of the 1966 sci-fi flick Fantastic Voyage, about a dying scientist whose survival depends heavily upon the five colleagues who are shrunken down and injected into his failing body.