
It looks like the executives at ABC have come up with the end date for the series Lost. After the third season wraps up at the end of May, the finale show will be aired during the 2009-2010 season.
Rather than two seasons consisting of the standard 24 episodes each, there will be three seasons of 16 episodes. These three 16-episode arcs will run uninterrupted each time, allowing the network to turn it into an 'event'. The producers have stated before that they wanted to finish off the show after five seasons, but the network wanted more, and so a compromise had to be reached.
This I think is a good move for the show because it gives the writers a chance to wrap up unanswered questions. And a shortened season will heighten the anticipation of the show ala (Sopranos).