The sequel The 40th Day came out back in January 2010 and sold over 1 million copies by May. Given who they're hiring it's unlikely E3 2011 will host its debut.
Going by its original name, EA Montreal "is seeking a dynamic Senior Producer for the Army of Two franchise" and a "talented Lead Environment Artist for the Army of Two franchise", meaning there's something definitely up with Army of Two franchise.
Matt Turner, producer of Army of Two: The 40th Day, said back in October 2009 that he'd love to work on a third in the series. EA has kept the IP very quiet since they announced in May of last year the sequel cleared 1 million sold copies.
Do you want Army of Two back on the retailer shelves?