Cyberlore Studios posted a teaser screenshot from Majesty 2 in its official discussion forums today, confirming that development on the game is under way. No further information was provided.
The original Majesty was a unique strategy game that simulated the management of a fantasy kingdom. It stood apart from other games because all the units in the game acted autonomously--players couldn't give any direct orders. Instead, players had to use incentives such as bounties to entice the AI-controlled characters into taking action.
We'll have more information on Majesty 2 as it becomes available.