In news that should shock only those who are fools, Paranormal Activity creator Oren Peli told DreadCentral yesterday that plans for a 3rd film were in the works, and a release date already locked in.

Peli says to look for Paranormal Activity 3 on October 21 (yes, 21), 2011, but no word on any story plans just yet. #2 ended with a cliffhanger of sorts, so maybe they’ll explore that. Regardless of how they proceed, PA2 was a huge financial hit (currently standing at $156 million off of a $3 million budget), and even got some critics to chime in about their love of the film. So news of a 3rd film was only a matter of protocol.

As this develops we’ll keep you updated.

Thanks to Dan Davis for the heads up.