I think a lot of the comments here are funny since they're pre-trailer.
Post-trailer, FF1
will make money. There's interest. It's there. And from the sounds of it, it wasn't a hugely budgeted film, so it will make a decent profit.
Sequel is most
likely happening. Just because 300 purists on an Internet site don't like it, that doesn't mean that
millions of regular movie goers won't trump that opinion and flock to it. The X-Men franchise is living proof of that. That series is going on its 8th and 9th installments with the same continuity for 15 years, and it had little to do with most of the source material.
Fox knows what they're doing, and I like it.