One thing I havn't seen anyone address is that Jay Leno has talked about retiring before, doesn't it seem short sighted of NBC to send Conan up the river when Leno probably only has a few years left in him before he wants to retire anyway?
Personally I think Leno should have just retired when all this became a big mess.
Dunno the truth to this but I heard a rumor that Conan's contract/leaving settlement disallows him to host a show for x amount of months. I heard they may start up a new show before that time is up and until Conan's contractual obligation finishes Andy will host the show and Conan will be his sidekick so they can get back on the air sooner. I hope that's true.
I don't think Leno is anywhere near retiring. He did talk about "retiring" from the Tonight Show 5 years ago, but that's just the way things were said instead of the truth, that NBC was taking it away from Jay 5 years down the road in order to keep Conan from going to ABC.
I don't see why Leno should retire, he was #1 in the late night ratings and will probably do well when he returns. The people who say they won't watch him now are probably the people who don't find him funny and didn't watch him anyway.
As George said, Conan can't host a show until September 1st. I think the part about Andy hosting until then was a joke, but you never know.
As for me, I'll keep on watching Letterman's monologue and occasionally watch Conan or Jay if they have a guest I want to see.