Will we see a City of Heroes 2?
NCSoft West is currently looking for a couple of people to work on a next-gen MMO at their Mountain View office. The Mountain View office is Paragon Studios, so it sounds likely that there is ongoing work for a new MMO for those of us who like to put on virtual spandex.
Given the positions mentioned I guess the work has gone past the concept stage and into some early development. Maybe in 2-3 years we will know for sure?