When switching to their Freemium games around February, Ngmoco announced Rolando 3 would be canceled. I miss my Rolandos, and I know I'm not the only one who loved that game. Is there any hope left to see it on iPad someday?
I don't know the details of the contract between ngmoco and Hand Circus. It is possible Simon Oliver could finish Rolando 3 with a new publisher or even independently.
Handcircus is currently making a new game called Okabu (link), so i'd say its unlikely we'll see a new Rolando anytime soon.