NBC has confirmed that the 10PM Jay Leno experiment is officially over and they are offering to move him back to his old 11:35PM time slot.  This also means that Conan O'Brien's Tonight Show would be moved to 12AM and Jimmy Fallon's show would be moved to 1AM, if all parties agree.

The big question now, is will Conan pursue opportunities on another network or will he agree to the proposed changes and stay on at NBC?  One thing everyone can agree with is that the situation is a big mess.