NASA has scheduled a mission to service the Hubble. This should keep the space telescope flying and producing great science until 2013 or so.
Obviously, there are a lot of caveats in there– the mission isn’t scheduled until 2008, so the Hubble needs to last that long, and there can’t be major delays or disasters with the Shuttle before then– but this is genuinely good news. Congratulations to the scientists and politicians who lobbied hard for this.