The breaking news is straight from WWE's corporate web-site (
WWE CORPORATE)...WWE Smackdown returns to MyNetworkTV beginning in the Fall (September).
No matter what anyone says, this is a step down for WWE. MyNetworkTV is one of the weakest networks on brodcast TV and it's future is still a mystery. In two years, if they continue to do poorly in the ratings, they may not exist.
However, for MyNetworkTV, this is a great deal. They get 52-weeks of first run programming and it usually does well in the ratings enough that it does give a boost to the network.
The thing to look for is whether or not WWE Smackdown changes days once again. Originally it started on UPN (MyNetwork's predecessor) on Thursday nights, but moved to Fridays recently. Thursday is the better TV night.