Lucas will make a third one but it will be another chapter in the kotor saga. The game will touch on some of the past characters from the series but it will be a whole new story. I have a feeling Lucas is playing with some ideas but they want to not take focus off the game Force Unleashed. If the game is a major hit, the kotor3 will be a huge game since the plan is to merchandise around top games like movies. Its a great tool and very smart if you have a huge hit.
Kotor: Revenge of Revan