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There's little doubt at this point that Sony intends on continuing the Killzone franchise in a major way. Here's what we already know: Sony-owned developer Guerilla Games, the studio that created the Killzone franchise, is spearheading three Killzone titles with the help of fellow first-party studio Sony Cambridge.
Guerilla confirmed at GDC that Killzone titles are in the works for PlayStation 3 and PlayStation Vita. Perhaps the third game is for the yet-unannounced PlayStation 4? It's all conjecture at this point.
But according to Siliconera, Sony may be ready to show the next Killzone game very soon. "Sony Computer Entertainment is recording a teaser for a future Killzone game," Siliconera reports with information from an unnamed source. "The upcoming title takes place after the events of Killzone 3."