Universal's a gestating sequel (centered around the widowed Huntsman, played once again by Chris Hemsworth) will not feature Stewart in any capacity.
However, that idea was quickly shot down by studio executives who claimed they were still "exploring all options" for a sequel and were not so disappointed as to go ahead and drop Stewart altogether. To be fair, there was probably some truth to that statement, seeing how Snow White did more than doubled its $170 million budget in theaters worldwide (as for the Stewart-Sanders scandal, well... negative press is still press, after all).
Nonetheless, with Stewart seemingly set to return for the Van Helsing reboot over the past few months. Furthermore, a new report from Radar Online claims that he's not interested in a sequel to his blockbuster fairy tale re-imagining, especially since his marriage is still on the rocks.
Radar Online also reports that Stewart is signed on return for another Snow White movie, which would begin production in late 2013 - presumably, based on a script drawn up by powerhouse scribe The Twilight Saga being finished); moreover, as the site points out, better offers aren't exactly pouring in for the actress right now.
There is one issue that could obstruct such a production time for the Snow White sequel- namely, Hemsworth's availability. He's going to be finished soon working on The Avengers 2. That's to say: while there is room for Snow White in there, it's going to be a very tight fit.
More on the Snow White and the Huntsman sequel (spinoff?) as the story develops.
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Source: Radar Online [via Bleeding Cool]