First it was a prequel, then word arose that it was a sequel, but now, according to Will Smith himself, I Am Legend 2 will in fact be a prequel. Collider spoke with Will Smith today, while he was promoting his new film, Seven Pounds, and Smith said the next film would definitely be a prequel.
We have a fantastic prequel idea...we're still trying to work through a couple of bumps in the story. It's essentially the fall of the last city - the last stand of Manhattan. The movie would be...within the body of the movie D.C. and then Manhattan would fall as the last city. It's a really cool idea trying to figure it out...there's a reason why we have to take a small band and we have to get into D.C. So we have to make our way from New York to D.C. and then back to New York.
When asked if Smith's beloved dog would be in the prequel, he replied, "Yes, the dog will be a puppy."
We'll keep you posted on any other I Am Legend 2 news as soon as more information comes in.