Good news for the fans, bad news for all the dolts who thought Lost was getting cancelled. Thanks to t_fremming for the heads up.
ABC Television Network today announced fourteen early pick-ups for the 2007-08 season for new breakout series Brothers & Sisters, Men In Trees, and Ugly Betty, as well as returning hits The Bachelor, Boston Legal, Dancing with the Stars, Desperate Housewives, Extreme Makeover: Home Edition, Grey's Anatomy, Jimmy Kimmel Live and Lost. The announcement was made by ABC Entertainment President Stephen McPherson at the March Development Meeting in Los Angeles. These series join previously announced America's Funniest Home Videos, Supernanny and Wife Swap, which have also been renewed for the 2007-08 season.
Source: ABC