There has been a lot of talk about Evil Dead 4 of late - In a recent chat with Bleeding Cool.com Sam Raimi was asked for an update on the long talked about sequel..
"I would love to make Evil Dead 4. My brother (Ivan?) and I plan to work on the script this summer."
Well it appears Evil Dead 4 may not happen after all: Ghost House Pictures producing partner Rob Tapert has set out to clarified earlier reports on the EVIL DEAD 4 rumors - "That would be Army of Darkness 2. Everybody calls it Evil Dead 4 but Army of Darkness wasn't called Evil Dead anywhere except by the fans."
I still say DON'T hold your breath..
(Source: Arrow In The Head)