http://www.1up.com/do/newsStory?cId=3174727

Battlefield 3 Development Confirmed by EA Exec
This true sequel won't be making it out this current fiscal year.

[...]Electronic Arts chief operating officer John Pleasants revealed the news at the William Blair Growth Stock Conference, reports The Feed. "I've had the luxury of looking at Battlefield 3 over at DICE in Sweden and was highly impressed by the way the team is working on that product," he said. "Of course, that's not [coming out] in the fiscal year, but that is a product that is looking very good." EA's fiscal year runs through the end of March 2010, meaning we won't see the game until April 2010 at the very earliest. [...]