George Lucas has metioned several times that it would be "fun" to bring back the original characters and do another trilogy, but there hasn't been any confirmation.  There are rumors that state that the STAR WARS: SEQUEL TRILOGY will begin pre-production on Star Wars: Episode VII,VIII,IX by the year of 2015 will a theatrical release of May 2021 of Episode 7 next decade with THE FALLEN HERO, THE REPUBLIC IN CRISIS and VICTORY OF THE FORCE. All this information was taken from a website made by a person known as Supershadow.  Also, there were rumors that lucas and supershadow are talking about making the new starwars movies. Although lucas has also said that "there is no story to tell" when asked in may 2008.



Read more: http://wiki.answers.com/Q/Is_there_going_to_be_a_Episode_7_in_Star_Wars#ixzz1WZfGI4XM