James Cameron Currently Writing 'Avatar' Sequels

Iconic director James Cameron is currently hidden away on a ranch in New Zealand pounding out the screenplays for Avatar 2 and Avatar 3.  Here's the latest from Cameron regarding the sequels:
Q: Can you give us some scoop about your upcoming little film called "Avatar 2"?

Cameron: "Oh believe me, it's not that little! It's not exactly a little, intimate drama. I'm working on 'Avatar 2' and 'Avatar 3.' I was talking the other day with Peter Jackson and said, 'You had it easy dude. You had the books when you did the second and third 'Lord of the Rings.' I have to create my own books in my head and extract a script from it. I'm deep into it and I'm living in Pandora right now. There is that start up torque where you feel it's coming to you. Then you build up momentum. That's when it gets fun. The characters talk and it's writing itself. I'm almost there right now. It's building fast."
Source: Life Goes Strong