I caught this news on Blastr this morning (via techland) and hesitated to report it, partially because I don't want it to be true and partially because I was waiting for comment from Lucasfilm. That second bit never panned out, so I'm going ahead with the unfortunate update on the "Star Wars" live-action TV series.
George Lucas spoke out on the series at special 30th anniversary screenings of "Empire Strikes Back" in May. And while he's still gung-ho to get the series done, it seems that cost is going to prevent it from happening anytime soon. Said Lucas, "The live action TV show is kind of on hold because we have scripts, but we don't know how to do 'em. Because, they literally are Star Wars, only we're going to have to try to do them ... a tenth the cost. And, it's a huge challenge ... lot bigger than what we thought it was gonna be."
So excuse me while I go weep in a corner.