http://latimesblogs.latimes.com/entertainmentnewsbuzz/2009/08/gi-joe-opens-to-100-million-worldwide-but-will-it-hold.html

Yo Joe! I would say this was inevitable, but then again, the buzz for G.I. Joe: Rise of Cobra was so bad that no one knew if it'd do well on its opening weekend. But this proves that franchise familiarity is king in Hollywood, even with bad buzz. In the LA Times report on the weekend box office (G.I. Joe ended up with $54.7 million) they say that "the studio's vice chairman, Rob Moore, confirmed that a sequel will soon go into development." This is great news for those who liked it, but bad news for everyone else. "The film's lead actors are contractually obligated to return for another film, though director Stephen Sommers is not."

I think this is the kind of movie that a lot of people will be excited for the sequel. Hell, it sets up a sequel in a big way at the end, almost as a cliffhanger. And you've just got to see the newly recruited G.I. Joe's get revenge on that annoying Zartan, right? Although they make it sound like Stephen Sommers won't return yet, let me remind you that he did come back to direct The Mummy Returns two years after The Mummy proved to be a big success for Universal as well. If I can make one suggestion to Paramount - don't bring back Sommers! If only this had better CGI and a better script, I might've enjoyed it just a little bit more.

Now they will have a chance to make it like the animated series if they don't blow it next time. I heard Somers was locked out of the editing room, that leads me to believe that he won't be back.

i think that it will work out the second time. remember the fantastic four movie? the first one bombed, but the sequel was and did perform much better than its predecessor when it came out.