The developer has been saying for a while on his blog that the ho-hum reaction for the first part has led to a slow down of production for part 2. There is a good chance that part two might not be available for a while more, if at all.
It was a great game, I literally spent hours talking to all the people and exploring the areas (as with all RPG games I come across). A second one would be great, especially since the creator left a cliffhanger for an ending.