News of NBC's juiced up order for pilots yesterday had TONGUES WAGGING IN A RETARDED MANNER over the fate of The Jay Leno Show . But no one expected :

We've learned Jay's 10:00 PM show will go on hiatus February 1. After the Olympics, Jay will take back his 11:30 PM time slot. What has not been decided -- whether Jay's show will be a half hour, followed by Conan, or whether Jay's show will be an hour and NBC says sayonara to Mr. O'Brien.

TMZ's not always right though. Except when it is! :

NBC executives held discussions with both Jay Leno and Conan O’Brien Thursday about the future of the network’s late-night lineup. And while executives said that no final decision has been made, they did not deny that the network is considering moves that could include returning Mr. Leno to his old job as host of The Tonight Show.

THIS. CHANGES. EVERYTHING. IF. IT'S. NOT. A. RUMOR.

BREATHLESS QUESTIONS

Is Jay Leno really coming back to NBC at 11:30??

Will Conan switch networks if he does??

Shouldn't Conan move back to New York??

What happens to ratings-starved Late Night with Jimmy Fallon ??

How will Lorne Michaels' influence factor into all this??

Shouldn't Kimmel be concerned too because ABC tried to offer his job to Leno?

What is the appeal of The Late Late Show with Craig Ferguson ??

Who is ??

If Jeff Zucker could see all the and hashtags on Twitter, wouldn't he change his mind??