Info from Wikipedia

"In spite of the film's lack of success, a third Mortal Kombat film, Mortal Kombat: Devastation, is currently under work. The film is apparently expected to replace Annihilation as the official sequel to the 1995 motion-picture"

So i don't think Devastation will continue on Annihilation's plot.Maybe more like go direct to MK4,or MKM:SZ.

More info from Wikipedia:
"IMDB-confirmed cast
Chris Casamassa - Scorpion
Keith Cooke - Sub-Zero
Adoni Maropis - Quan Chi

Threshold Entertainment-confirmed cast
This cast list is taken from the unofficial Threshold Entertainment MK3 website.

Chris Casamassa - Scorpion
Linden Ashby - Johnny Cage
Christopher Lambert - Raiden
Walter Emmanuel Jones - Kai

Other possible cast
Talisa Soto - Kitana
John Stamos - Johnny Cage
Jason Scott Lee - Noob/Smoke
Lynn "Red" Williams - Jax
François Petit - Noob Saibot
Reiner Schöne - Shinnok
Dana Hee - Mileena
Dan Southworth - Kenshi (as Daniel Southworth)
Stacey Dash- Tanya
Matthias Hues - Fujin
Keith Cooke - Sub-Zero
Christopher Lambert - Raiden
Adoni Maropis - Quan Chi
Bruce Locke - Shang Tsung
Kristanna Loken - Kira
Patricia Ja Lee - Li Mei (Still in talks not 100% confirmed)
Ray Park - Reiko (Still in talks not 100% confirmed)
George Michael - Kurtis Stryker (Still in talks not 100% confirmed}
Emma Watson- Frost/Khameleon (Unlikely due to filming of Harry Potter movies.)
Paolo Montalban - Kung Lao (rumored but there they're thinking of it)
Frank Welker - (voice) Moloch/or Kintaro
Ridley Tsui - Sektor
Musetta Vander - Sareena"

"It has been revealed that Liu Kang will not be the hero of this movie, as stated by Robin Shou in an interview. Instead, the hero is to be Sub-Zero. [1] This interview was confirmed, however, the plot is now official that this film will be a sequel and NOT A PREQUEL and Robin Shou has since been asked to rejoin the project. See the IMDB link below to see" - this line states that the movie will NOT BE A PREQUEL and WILL BE A SEQUEL.so as to clarify more doubts about this movie.

More Info Coming Soon

Nice work LordScor. MK Devastation will br good, I hope. B)

IMDB has recently confirmed that,for now,only Chris Casamassa is confirmed to be in the cast list and will portray Scorpion(Of Course).No new info on the storyline yet,though.
Also,more IMDB info-
Directed by : mink
Produced by : Lawrence Kasanoff
Distributed by : Universal Studios
Language : English
Stunt Coordinator : John Medlen

News From Wikipedia(MAY NOT BE TRUE):
"Possible storyline
According to Robin Shou, who starred as Liu Kang in the first two films, the most recent script is a prequel focusing on Sub-Zero as the protagonist, with none of the cast from the earlier films returning"

You know I did read about that but it's not confirmed so we won't know until more information is confirmed. Hopefully, there will be some of the old cast returning because they all did such an excellent job, especially when getting into character.

Still... i don't think that mk devastation will be great. & all of the rumors are nothing more than rumors, there is still not an official date that this movie will be released to theathers unlike other v.g.b movies.

so...Sonya Blades won't be in the movie i take it?

News hasn't been 100% Confirmed.

Doesn't matter it's still news. It sounds ok. I vote Samuel L Jackson for Jax lol

I don't really care who's in the movie and who plays them, as long as it's a good movie that stays some what true to the storyline of Mortal Kombat.

exactly.that's what is required for a movie.Annihilation had the worst storyline ever,no wonder it sucked

I just hope some of the originals will be returning. I know it doesn't sound too good, but honestly, did the first one appeal to you that much? Think about it, it could be good, despite rumours. Although it would be nice to see more confirmed. I'm trying to be mellow and in the middle right now so not to get high hopes until everything is confirmed and rumours ruled out.

I'd like to see cyrax sektor and smoke in this movie. And sub's brother. And maybe bring in some sexyness with frost jade and kitana.

The atmosphere of the first MK movie was really of a grate tournament to protect Earthrealm. The second one... well, it sucked quite a lot. It was a kind of mixture of MK3 and MK4, but the most absurd thing they said is that Shao Kahn is Rayden's brother, both Sons of Shinnok which was the Elder God of Wind!!

Shinnok is an elder God, but NOT an elemental God (which were the gods of MKM and were 4, not 3), and is ABSOLUTELY NOT SK and Raiden's father!!

But there was a good thing: when the Pseudo-Elder Gods came and used Mortal Kombat to decide the fate of Earthrealm... and Kahn became a mortal!!

and masked mileena.and li mei.and kiri.there are lots.

That's true. Nothing has been confirmed, just many rumours. I don't know what to believe so I'm just believing what's confirmed and what is true. Everything else can wait for now.

OMG Sexist pervs... oh lord... i don't want to see such nudity from jade *drools*

It's still rumours, & gossip is what y'all posting by the time being. If it is coming for 07 then let's wait for... like a few months (like 3) to see some confirmation or some clear statement that the movie will be like this or like that.

lol...

actually,i agree with lkp...he's right.