Yes, Eugen Systems have announced a sequel to the unimaginatively titled Cold War RTS Wargame: European Escalation, and it's called, amusingly, Wargame: AirLand Battle. This sequel is, once again, an imaginary World War III scenario in which NATO and Warsaw Pact forces duke it out across Europe. It is also going to come with added shiny, as they explain: "Wargame: AirLand Battle will be the series's leap forward by bringing a level of detail never before seen in a real-time strategy game. The new version of the IRISZOOM Engine(tm) will display spectacular graphics with a wide variety of units, scenery, and impressive topography reproduced from satellite maps."
There's a teaser trailer showing off some of this stuff below. (It's got helicopters being shot down by F-15s!)
The game is out next year.