Fark linked up this Reuters story claiming the Sci-Fi network has in fact picked up Battlestar Galactica for development into a series.
I thought the premiere was quite good. Did a nice job of updating, and wasn't as remarkably cheesy as the original. It remains to be seen if they can solve the "find a new planet, deal with a disaster, move on, find a new planet, deal with a disaster, move on" problem that helped torpedo the first series. Of course, it hasn't stopped Star Trek.
I can't help but be irritated that they'd pick up a new, unproven show that costs 1.5 million per episode yet dumped Farscape, which reportedly cost two thirds as much. Bitter? Me? Never.