Last week Paradox Interactive revealed that the next project from their internal team (who just finished Hearts of Iron 3) will be a sequel to the colonial era strategy title Victoria: Empire under the Sun.
The project was chosen after the Paradox community had a chance to vote on what the team should do next and CEO Fredrik Wester was not to happy with the outcome seeing as the original game failed to turn a profit. His promise to the community and the team is to shave his head if the game sells enough to break even.
Victoria 2 is targeted for release sometime in 2010.
(The screen below is an interface mockup screen)