Last year Paranormal Activity proved to be the little engine that could, going from a $15,000 indie about to be dumped to DVD and possibly remade to a $107 million domestic box office powerhouse. If we’re talking return on investment, it doesn’t get much better than that. It should come as no surprise then that Paranormal Activity 2 has been advancing rather quickly and now we’ve got a teaser trailer to show you.

Paranormal Activity 2, the mildly anticipated sequel to the smash hit frightener of 2009, is set for release in October. And to this point — much to the projects benefit — we’ve seen and heard almost nothing about it. That’s the way it should be, horror fans, because with a film like this the element of surprise is everything. In fact, if there are any surprises left in the franchise, they are best kept secret. Thus, it will be interesting to see how many of said secrets are revealed to moviegoers when the first trailer runs with The Twilight Saga: Eclipse next weekend.

Paranormal Activity director Oren Peli announced today via a note to fans on the film’s official site that Kip Williams, director of The Door in the Floor, has signed on to take the reins of the upcoming sequel, Paranormal Activity 2.

This week, on a very special episode of Reject Radio, we talk for three full hours about God Knows What (and The Oscars).

Paramount is on an impossible mission (see what I did there? I referenced an old Commodore 64 game) to find a director worthy of helming a sequel to their blockbuster hit, Paranormal Activity. The original film from first-time director Oren Peli was produced for under a million dollars but went on to gross over a hundred million at the box-office. A profit that size made a sequel inevitable, and the studio has already announced a release date of October 22nd, 2010… less than eight months away.

This seems to be the height of what we might call non-news, but since we have not yet reported on this ever-developing story, it’s worth saying something.