Looks like Hugh Jackman will be getting his claws out again (and let's hope they have some better CGI for them this time). According to The Hollywood Reporter, a script is completed and filming on Wolverine 2 is scheduled to begin in January 2011.
As hinted at in one of the post-credits scenes in X-Men Origins: Wolverine, the sequel will take place in Japan. The script, written by Christopher McQuarrie (The Usual Suspects, Valkyrie) is based on the Frank Miller and Chris Claremont comics, in which Wolverine faces off against an astounding number of angry ninjas, all for love of Mariko Yashida, the daughter of a Japanese crimelord and the only woman who may be able to tame Logan's feral nature once and for all.

The article confirms the Japan storyline, calling the script "a beautiful story,” and "very different than the first film.”
And by "very different" we do hope he means it will be at least 20 minutes longer, with better special effects, much more bloodshed (it's got ninjas, for god's sake!), and a promise not to start any lines of dialogue with the words "Before I gut you..."
I did enjoy the first film a lot, though, so I'm excited for the sequel, especially if they also bring back Liev Schreiber as Victor Creed. He rocked the first movie (and is currently rocking Broadway with his performance in A View From The Bridge, which I saw last week).
Of course, it's worth pointing out that this news comes from Roger Friedman, who was famously fired last year after not only reviewing the unfinished workprint of X-Men Origins: Wolverine that leaked online, but boasting how easy other movies were to download. So we're just going to go on faith that this information is actually correct here.
But if it is, it's going to be a busy few months for Hugh Jackman. He was recently in Shanghai filming a role as a nightclub owner in Wayne Wang's Snow Flower & the Secret Fan (where will reportedly sing in Chinese!), he is set to begin work on Kevin Lima's comedy Avon Man in April, and he will start filming alongside boxing robots in Shawn Levy's Real Steel starting in June. Also, Precious director Lee Daniels mentioned in a USA Today interview this week that Hugh will play a role in his upcoming civil rights film, Selma.
I'm exhausted just writing that. All we need now is to find out what his next Broadway gig will be and I think I'll be even more psyched about all this movie news.