Definitely deserves its own thread. Video announcement is here.
Rumors about a 3rd season of Twin Peaks or even a new Twin Peaks movie have been shot down several times in the past by people close to the director, including Mark Frost and Jennifer Lynch, but this is the first time David Lynch has dismissed them personally and publicly.
More excitingly, he continued by announcing one true fact: the future release of the Twin Peaks Blu-ray that will include the pilot, season one, season two and some special things that havent been seen before.