I met ED's Justin Long at the Rio Ranch and Conference Centre here in New Mexico last week. He's filming a movie in the area called Dreamland with John Corbett.
Long story Short: We gushed about Dodgeball and he had some good news for fellow fans - the film was a huge hit at cinemas, and the director has been contacted by the studio about doing a sequel sometime this year. Justin said he's yet to be contacted about it, but he's heard third-hand that it'll be 'everyone' back.
Dodgeball grossed $166.7 million worldwide and stars Vince Vaughn, Ben Stiller, Christine Taylor, and Rip Torn.