Conan O'Brien: I won't host 'Tonight Show' at 12:05 a.m.

And the story takes another crazy turn: Conan has put out a statement saying he doesn't want to host a 12:05 a.m. version of "Tonight."

Lots to sort out here, starting with this: does Conan host the show tonight, or does NBC plug in a rerun?

UPDATE: I have a much longer column about the Conan situation up at NJ.com.