Ten years have passed since the release of the DisneyӢPixar favorite The Incredibles, and fans have clamored for a second entry in the superhero brand. Finally, and quite surprisingly, Disney CEO Bob Iger casually announced at the Disney 2014 Board of Shareholders meeting that a sequel is indeed in the works.

Little is known about The Incredibles 2 this early in the game, so what should we expect? More importantly, what do we want?

Briefly: This morning, Walt Disney Company chairman and CEO Bob Iger made an announcement that every Pixar fan has been waiting for. It has been almost 10 years since the release of The Incredibles, and after hearing that the Pixar team was just waiting for the right story, it has been confirmed that The Incredibles 2 finally on the way. He added that original director Brad Bird would return for the sequel.

Iger made the announcement this morning at a Disney Investor meeting, and also announced that there will be another Cars movie on the way.

Brad Bird was among the first names to pop up on many people’s shortlist to direct Star Wars: Episode VII, when Disney acquired LucasFilm earlier this year. While the job eventually went to Star Trek Into Darkness director J.J. Abrams, Bird did admit to The Hollywood Reporter that he was at one point asked to direct the highly anticipated sequel. The director also talks about the status of The Incredibles 2, another sequel everyone is waiting for to happen.

Hit the jump for some excerpts from the interview.