Double Fine's Tim Schafer has officially announced Costume Quest 2 will be arriving to consoles and PC by Halloween 2014.
In a discussion with IGN, Schafer said the game is in full production and slated to hit by Halloween. For those who haven't played the original, you play as a couple of kids who dress up to go trick-or-treating and each suit gives the kid different abilities to fight enemies with. There will be a “new batch of costumes with which to transform into giant super powered fantasy Hallowarriors,” and I'd put money on it being a lot of fun with a lot of character.
Costume Quest 2 has only been announced for "consoles" and PC at this time with no word on which exact consoles yet.