Bruce not in Bubba-Nosferatu???

Ain't it cool.com posted a letter from a BC fan who went to the CineVegas Film Festival screening of My Name is Bruce. There was a Q&A afterwards where BC stated: "[He] is not involved in the sequel. He doesn’t know what is going on with the movie, but that he is not involved at this point."
Is this BC misleading us (like he did with the spider-man movies) or is he truly not playing the King? I, for one, can't imagine why Don Coscarelli [the Director] would get someone else to play Elvis, he has said before that he loved working with BC and wanted to make the sequel with him. Not to mention that BC was praised for his role as the King so it would be odd to choose a different actor. It's also strange that Paul Giamatti has confirmed his role as Col. Parker, so why can't Bruce?
Personally I think this is just BCs way of messing with us and he's probably telling the truth, as he's not involved 'at this point' since they're probably writing the script or doing some other post-production stuff. So he might still get on board when shooting starts.