Two was good and although I haven't seen three I've been told it's not worth it.
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I liked 2, but 3 was rubbish.
I always found that what makes great films are ones that once they are successful they know when to stop. I mean, OK a sequel to the original was fair enough considering its popularity but the 3rd one was quite disappointing and this is really pushing it too far. By pushing movies and dragging every last drop of enjoyment and money out of them it can kill the whole thing. It is much better for them to start to work on something new rather than to be continuing with this.
Personally this is a bad idea if it goes ahead in my opinion. :)
EDIT: Wikipedia tells me it is worse than I thought: http://en.wikipedia.org/wiki/Puss_in...an_Ogre_Killer
Looks like they plan a 5th shrek and a spin off also. I really think they are pushing it.
I really liked 1 + 2, 3 was a disappointment. I think they are just dragging it on now though.
TBH i don't want shrek to end, you grow to love the characters and I'd probably miss them.
It's like SAW, they're dragging it on with too many films
Same with Highlander.
Should have ended after #2.
The first was crap, the 2nd was good. I like Puss in Boots.
I love the Shrek movies but I think they should have stopped at 3. Same for Jurassic Park, why make a fourth? They're just killing it now!