[UPDATE BELOW] Current TV has suddenly axed Keith Olbermann, whose show will be replaced by a new program hosted by former governor Eliot Spitzer, starting tonight. In an open letter to viewers, Current's founders Al Gore and Joel Hyatt wrote, "We’re very excited to announce that beginning tonight, former New York Gov. Eliot Spitzer will host 'Viewpoint with Eliot Spitzer,' at 8 pm ET/5 pm PT. Eliot is a veteran public servant and an astute observer of the issues of the day." And his last TV show was such a hit, this one can't miss!

"[Spitzer] has important opinions and insights and he relishes the kind of constructive discourse that our viewers will appreciate this election year," the open letter continues. "We are confident that our viewers will be able to count on Gov. Spitzer to deliver critical information on a daily basis." Olbermann went over to Current last June after clashing with MSNBC brass over his political donations. It's unclear how the hot-tempered host feels about this most recent turn of events. At press time, his most recent Tweet had to do with cats. WHAT DOES IT MEAN?

Update 5:37 p.m.: Showtime folks, showtime! @KeithOlbermann is giving a statement via twitter, 140 characters at a time. And he's going to sue.

And so on and so forth. You know where to find the rants if you want them. This tears it, we're totally renting Goodnight, and Good Luck tonight.