Oh yessa!!
This from official homepage..
Wed - May 22, 2002
Max Payne II announced! The much anticipated sequel to last year's smash hit Max Payne has been announced at E3 today, and guess what? It's "Max Payne 2". [img]smile.gif[/img] Take 2 announced today that Rockstar Games, in conjunction with Remedy Entertainment, has begun development of Max Payne 2, a sequel to the blockbuster hit Max Payne.
You can view a press release over at the 3D Realms web site showing the details, and you can discuss the announcement in a thread over on the 3D Realms forums.
http://www.3drealms.com/press/max2announced.html
Now this looks nice!