Well let's see: First, Stardock has to get The Political Machine out in time for this year's election, after which Brad's putting virtually everyone on the (as yet to be announced) fantasy TBS game. Plus there's Society, which while it likely won't be coming to fruition anytime soon, they still have to try and work on that when they can. Not to mention GalCiv 3 (hopefully someday)....
Yeah, I don't think they're going to have time to make EotFS 2 anytime soon. Even if they did, however, I highly doubt Stardock would do so, as they'd have no real reason to create *two* space strategy series (when they already have Galactic Civilizations).
That said, I admit it would be awesome if someone would make a sequel. I heard it was a pretty cool game (even if the AI was atrocious), and I like the setting; it'd be slightly different take on the standard 4x format.