Really excited for Magicka 2!
Are the same devs working on Magicka 2 as Wizard Wars? And if yes what takes priority?
Will Magicka 2 have modding tools?
Will Magicka 2 be a console exclusive at first then be released on PC?
Different devs - Pieces Interactive makes M2 and Paradox North maked MWW. we've got plenty resources to go around for both.
Modding tools - while we always strive/want to support modding as much as possible it's largely dependent on the engine. In this case Bitsquid for both games. Currently the Bitsquid engine doesn't have a ton of mod support but we hope it will be added in the future.
Paradox has always been mainly a PC publisher. That's not going to change anytime soon. The game is Sony exclusive on the console side. PC isn't effected by that.
devillsadvocate: How about you cool it a bit ?
/shams