Director Matt Reeves recently spoke to Bloody-Disgusting while doing press for the DVD/Blu-ray release of Let Me In on Feb 1st. The director of the original Cloverfield had some pretty interesting things to say on how the sequel was shaping up.
"Unfortunately, I don't have any [news]. We're just...you know, somebody was saying to me that I had said something about, 'well, we're gonna try and get the band back together.' And the band is still not back together, we're just still talking about getting back together. But we haven't really had a chance to talk about it. I mean, J.J. is eding 'Super 8' right now, he's got a very, very intense schedule right now that he's working on. And Drew [Goddard] is writing Steven Spielberg's next movie, I think, after the Abraham Lincoln film. He's doing 'Robopocalypse'. So everybody's very, very busy. But I'm sure we'll get together one of these days and sort of bounce it around until we come up with something that we get excited about. And if we don't, then we won't make it."