Universal Pictures has picked up Guillermo del Toro's Hellboy 2, and will finance and distribute the picture.  The release is slated for summer, 2008.

Although a sequel was announced shortly after the release of the first movie (see 'Hellboy 2 Gets Green Light'), it all fell apart when Revolution Studios, which made Hellboy, folded. 

Ron Perlman and Selma Blair will reprise their roles.  Shooting starts in April.