Next season, we will understand the real ramifications of Desmond activating the failsafe and what that did. The central issue of season three will be what did happen. It sounds like Desmond's coming back. They said they want him back, we want to know why he was in prison, we want to know what happened when he turned that key that affected the entire island. That will become very important. The island was visible but only for an instant. It was also visible for an instant on 9/22/04 when the plane crashed. The foot statue represents the history and archeology of the island. Season three will explore what happened on the island before Dharma arrived in the late 70's and who was there. The smoke monster will definitely be back in Season three. There is a good chance we saw the monster this year and didn't realize we were looking at it. By the end of next year we will realize what it was and when we saw it. Why did the Others take Jack, Kate and Sawyer? Where is their home? That will be the story told over the first six episodes. Season 3 will also be about the main characters and their relationships. They want to service the relationships next year more than the mythology. How Locke got in the wheelchair, how Jack got his tattoos will be revealed in Season three.
Source: Lost Podcast