No. There are zero plans, rumors, or development activity for Champions of Norrath 3 on PlayStation 2 — or any platform.
Why It Won't Happen
Developer Dissolved: Snowblind Studios (creators) were acquired by Warner Bros. in 2009, then shuttered in 2012. The team scattered.
Publisher Exit: Sony Online Entertainment (SOE) published the series. SOE became Daybreak, then sold to Enad Global 7 (2020). No Norrath IP focus remains.
Platform Dead: PS2 discontinued 2013. No physical manufacturing, no digital storefront, no certification path.
Sales Reality:Return to Arms (2005) sold modestly. The action-RPG co-op niche moved to Diablo III (consoles 2013), Path of Exile, Victor Vran.
IP Ownership Murky: Norrath setting belongs to EverQuest franchise (Daybreak/EG7). No incentive for a retro PS2 sequel.
How to Play the Existing Games Today
Original Hardware: PS2 + disc (check disc rot) + network adapter for online (servers dead; use XLink Kai or OpenSpy for LAN tunneling).
PS3 Backward Compatibility: Only launch "Fat" PS3s (CECHA/B/C/E) play PS2 discs natively. Others need PS2 Classics (digital) — delisted.
PC Emulation (PCSX2): Best experience — 4K, widescreen patches, save states, multiplayer via Netplay. Requires legal BIOS dump & own discs.
EverQuest Online Adventures: The MMO predecessor; private servers exist (e.g., Project 1999 for EQ classic, not EQOA).
Spiritual Successors (Modern, Active)
Baldur's Gate: Dark Alliance 1 & 2 (remastered on PC/PS4/5/Switch) — same engine, D&D setting.
Champions of Norrath spiritual heir:Diablo III (couch co-op on consoles), Minecraft Dungeons, Torchlight II.
Verdict: Cherish the memories. The series is complete.