This "next season" will be taking place "in the same world as Lelouch [the protagonist of the earlier Code Geass anime] except with different characters (...) the stage is set in Europe, so we'll see a lot of European countries."
Interesting...same universe, different characters! Officially titled Code Geass Gaiden: Bōkoku no Akito, there's a confirmed side story of Zone Eleven kids operating their Knightmare Frames with 5% chance of survival.
Are you intrigued? Interested? Will you watch without the core characters of the original anime?