As a Star Wars fan I find this news very exciting. 

A new era of Star Wars entertainment begins in 2008 when Star Wars: The Clone Wars, from creator George Lucas, premieres as an all-new feature film in August, followed by the television series debut in the fall, in a partnership announced today between Lucasfilm Ltd., Warner Bros. Pictures and Turner Broadcasting System Inc.
Produced by Lucasfilm Animation, Star Wars: The Clone Wars takes audiences on incredible new Star Wars adventures, combining the legendary storytelling of Lucasfilm with an eye-popping, signature animation style. Star Wars: The Clone Wars will open in North American theaters Friday, August 15. International release dates will be announced soon.