That certainly seems to be the rumor:
During last weekend’s San Diego Comic Con…at a panel that (evidently) didn’t enjoy the “in your face” notoriety of, say, TRANSFORMERS or SPIDERMAN 3… producer/writer/director J. Michael Straczynski (JMS, or “Joe”) made an announcement regarding the future of this little concept he has called BABYLON 5.
The thrust of the news is this: straight-to-video BABYLON 5 adventures…involving B5 characters in an anthology format…should arrive late next year. Written and directed by JMS.
Babylon 5 is probably the best written science fiction show to ever appear on television, with the current version of Battlestar Galactica a close second. And, J. Michael Staczynski is the main reason why. When the show was on the air, he was a regular poster on the Babylon 5 boards on Compuserve and elsewhere and it was obvious he liked communicating with the fans. If this is true, its great news.
H/T: Outside The Beltway

“Babylon 5 is probably the best written science fiction show to ever appear on television, with the current version of Battlestar Galactica a close second.”
Joss Whedon on line one for you, Doug.
Matt,
You mean Firefly ?
Sorry, never could get into it for the season it was on.
I’ve never seen a moment of Babylon 5 but I feel qualified to weigh in bcause BSG is one of my favorite shows and because I’m a blogger. Firefly was tightly plotted, its characters interesting and believable and the dialogue was vibrant and engaging without being all Han Solo Smartass, like many SciFi shows devolve into. Whatever its faults it was among the best written TV shows I’ve ever seen in any genre.
Of course, that’s just my opinion, I could be wrong.