Online CVs for devs at Ubisoft in Quebec make reference to an "unannounced shooter sequel" and a "first person shooter” with "exotic gameplay".
The ever watchful superannuation compiled a list of CVs that in anyway linked to Far Cry 3. A senior software developer at Ubi Montreal mentioned his work on an "unannounced shooter sequel” for Xbox 360 and PS3.
While a technical director of scripted events spoke of an “undisclosed first person shooter” featuring “exotic gameplay" on theirs, again for console. Another three developers and called out Far Cry 3 by name.
Perhaps Ubisoft will grace E3 2011 with some Far Cry 3 goodness? Rumour says it'll be sticking with its African setting. The first Far Cry was made by Crysis' Crytek.