Seth MacFarlane on 'Ted' Sequel 'We're Thinkin' About It'

9/17/2012 8:32 AM PDT

Seth MacFarlane says he's still making up his mind about doing a sequel to his smash hit "Ted" ... telling TMZ, "We're thinking about it."

Seth was hanging out in New York this weekend with his "Ted" co-writers Alec Sulkin and Wellesley Wild .... just a few days after NBCUniversal CEO Steve Burke proclaimed, “We’d like to see a 'Ted 2' as soon as we can.”

FYI -- "Ted" made over $400 MILLION at the box office worldwide ... so, we're guessing the only thing Seth and his team are "thinking about" is how much money they're going to demand.