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Whether you liked the first or not, we're getting a sequel anyway. It was recently revealed that a sequel to Sinister is moving forward, with the original writers and producers returning. Though, it seems that previous director Scott Derrickson will not be helming this time 'round. Not much else is known since it's in the very early stages of development.
http://www.upcominghorrormovies.com/movie/sinister-2
I liked the first flick to an extent, so I don't mind a sequel. I think there's enough left unanswered to explore in a sequel, and hopefully they can improve on their scare tactics as well, but we'll have to see who takes on the director's chair