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I heard that there won't be a third installment at all, and at the same time, I heard that there will be one, but not soon. There are different rumors going around, and it's strange that they're all in gaming magazines. Diablo 2 is certainly good, but playing the same thing three times just to level up a character is somehow uninteresting. They should have done it like in Allods 2, where you level up on specific maps; that would be great.