Jimmy Fallon, it seems, will take over the host's chair from Conan O'Brien when the ginger man leaves it in 2009 to fill the shoes of the golden jaw, Jay Leno, on The Tonight Show. The announcement won't be made until after the first of the year, but the deal is a long way toward being done, and that's something.
Perhaps this is all part of Fallon's plan. It seems he's retracted himself from the public eye over the past year or so (partially due to the abject failure of films like Taxi) and it waiting for the right moment to re-insert himself into the public consciousness. This would be the perfect venue for that.