IGN gave last year's Elite Beat Agents a 9.5, so you can bet They've been hoping for a sequel. Thier hopes were fulfilled today. Japan's Dengeki Online reports that a sequel to the unique rhythm title is being readied for Japanese release later this year.
In Japan, the sequel will be titled Moero! Nekketsu Rhythm Tamashii Osu! Tatakae! Ouendan 2 (the original was just Osu! Tatakae! Ouendan). The first part of the title translates to "Burn! Hot Blooded Rhythm Soul!".
Aside from the promise of multiplayer support for up to 4 players, details on the sequel have yet to be made public.