https://www.youtube.com/watch?v=x_mwF6dv99g
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Since there is some confusion about it on the web: There will be at least two more Life is Strange titles.
The one presented on E3 will be a prequel with 3 episodes about Chloe in the years before Max returned to Oregon. The prequel is not developed by Dontnod, but by Deck Nine.
Dontnod is devoloping a completely new Life is Strange title with new characters.
More on Youtube and Tumblr:
https://www.youtube.com/user/lifeisstrange/
Announcing Life is Strange: Before the Storm - Life is Strange
The first game was awesome, looking forward to the prequel