NOLA.com reports that they also quickly retracted the statement at Paramount's request, making it clear that Louisiana is just being considered right now. But at the same time they also noted that the film is currently being titled GI Joe 2: Cobra Strikes. That sounds like a working title to me. Not sure it'll stick.
If they do choose New Orleans, it would keep returning star Channing Tatum in the "Crescent City" for even longer. He's already there in preparation to shoot 21 Jump Street.
GI Joe 2 will see the return of only a handful of castmembers. Tatum will reprise his role as Conrad "Duke" Hauser; Ray Park is Snake-Eyes; Lee Byung-Hun is his rival, Storm Shadow. The plan is for the film to be released, possibly in 3D, on August 10th 2012.