So the new movie is in the works officially, but apparently Sam Raimi has decided that he might just pull out of directing and into an executive producers spot. The guy that supposedly is going to replace him is the guy that's directing the next Twilight movie.
http://www.empireonline.com/news/feed.asp?NID=27200
This article also mentions that the Shadow is like a more violent Batman that's willing to kill. Um... did I miss something from the last two movies? He might not be shooting them, but he's definitely become happy with acceptable losses. Yeah, this has been a great year for the genre so far.