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Right now there are seven call of duty games. Mw3 is already confirmed and Black Ops 2 is more than likely in the making. I also think that there will be a Mw4 (A prequel to Modern Warfare). Also it has been rumored that there will be an online only version of call of duty. So I think there is at least another four Call of Duty games. But tell me what you think.
Think about all the money they are making by making two different companies make the game. Wow a lot of makes. Anyways, even if the games get old and boring, people will continue to buy them every year...
They (Activision, Infinity Ward and Treyarch) are going to milk CoD for all it's worth. So long as people are willing to buy overpriced collectors editions versions of the game and overpriced DLC, they'll pump out a CoD game each year to make sure they maximise their profits.