Conan is a very talented host. I think at some point he'll end up back on network TV. This TBS show I think is just to reestablish his rebel image with younger people who might not have followed him to Tonight. He'll have a lot less restrictions than NBC and I wouldn't be surprised if he manages to draw enough of the desired demographic away to make a real impact on Leno who will be left with 65 year olds who need something to fall asleep to.

Leno has really fucked himself over in the long run. He apparently has had a reputation for being a sell out with comedians ever since he took Tonight, now he has the reputation for stealing Conan's dream. Letterman and Kimmel are thankfully against him and doing brilliant jokes about him. He made the mistake in 2004 of saying he didn't think he could do the show in his 60's which is how old he is now so there's already an expiration date on him and no heir apparent to take over in 5-10 years.

Bow ties are coool.