This in from TV Squad:
Our long, dark national nightmare ... continues. After four days of talks and media silence, the Alliance of Motion Picture and Television Producers (AMPTP) disclosed the latest offer presented by Hollywood studios to the striking writers. But the WGA (Writers Guild of America) quickly rejected this offer, according to Yahoo! News. The studios described their offer as a "new economic partnership" with writers, who refer to it instead as a "massive rollback."
This isn't good for anyone - the studios will loose money from the shows not being on the air and we loose out by not having anything to watch. Arg.