So our much-richer brethren, the TV and movie writers, are going on strike. I'd say good for them, except that this apparently immediately threatens my personal enjoyment of The Daily Show and The Colbert Report. Also, it will apparently dry up the market for options on books, since there won't be any writers available to adapt them into screenplays.
Still, I think we can safely say that, like the music industry and the publishing industry, the movie/TV industry may be in need of a serious shakeup. Thoughts? Maybe the TV writers will take this opportunity to crank out some novels. I have no opinion as to whether that would be good or bad.
(My favorite part of the above article is that it notes that Starbucks expects to see an uptick in business in the LA area as underoccupied writers look for places to hang out.)
Updated to add: Incidentally, you may not be aware that a certain frequent visiting faculty member with the initials C.O. got a sweet deal writing for Alan Ball's new HBO show. I'm not sure how this affects him - ie, whether all the episodes had been written already or not.