This isn't exactly new news, but developer Frontier's website confirms that a sequel for LostWinds is under development.
LostWinds has taken the WiiWare service by storm (ha) and is currently the 2nd most popular download on there. It also happens to be awesome.
An MP3 of the official theme is available too from the official site, it's 1 minute long and can be downloaded here.
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Wii's World is not officially affiliated with Nintendo! (but they wish we were).