This is just a mini-update, stay tuned later today for more (OMG, what a cliffhanger!).

Fox and WB are working on a settlement over the Watchmen case, and have requested a conference with the judge at 3:30 today.

WHEREAS, the parties are continuing to address a few remaining settlement issues; THEREFORE, the parties, through their respective counsel of record, jointly request as follows:
1. The parties request a hearing on January 15, 2009 at 3:30 p.m. (preferably in chambers) to report on a final resolution or, alternatively, to discuss how to proceed on January 20, 2009. [court papers, via IESB]

Sounds like they’re close to a deal, but we’ll have to wait until later today to find out.  They claim to have been working out a settlement since December 29th.  How could it possibly take them this long?  I’ll bet anything that the lawyers are in a room somewhere taking bong rips and playing Smash Bros while they see how many hours they can bill.  “Okay, I’m back with the chicken wi– hey! Bob, did you steal my seat?”  “Sorry, dude, section 69 of the bro code says you have to call ‘Golden’.  Pound the rest of your beer.  And another one for chiefing me yesterday when my shoes were clearly off.  Not cool, dude, not cool.”